Homework Answers
Answer. (b) no, limited, free
Explanation. Monopoly has only firm and it restricts entry of other firms by many ways like patents, licensing, secret techniques, etc. And oligopoly has few sellers and entry is restricted mostly through high setup costs and running costs, etc. Perfect competition on the other hand has very large number of sellers who all sell the same products, thus selling at same prices as well.
Please upvote this answer.
Add Answer to:
entry, an oligopoly has entry, and perfect competition has A monopoly has entry. O limited; free;...
Compare oligopoly, monopoly and perfect competition
Compare oligopoly, monopoly and perfect competition
Is the oil and gas company in perfect competition, an oligopoly, or a monopoly? Explain.
Is the oil and gas company in perfect competition, an oligopoly, or a monopoly? Explain.
In the perfect competition, monopolies competition, monopoly, oligopoly, who is earning an economic profit and accounting...
In the perfect competition, monopolies competition, monopoly, oligopoly, who is earning an economic profit and accounting profit in the long run and short-run?
Question 11 Which market structure has a few interdependent sellers? monopolistic competition monopoly perfect competition oligopoly...
Question 11 Which market structure has a few interdependent sellers? monopolistic competition monopoly perfect competition oligopoly Question 12 Which of the following is legal? collusion none of the above price leader cartel Question 13 When a dominant firm sets the price and others follow, what is that called? price leader crowding out cartel collusion Question 14 Which theory answers the question "How would my competitor respond if I did this?" crowding out price leadership Game Theory collusion Question 15 Which...
What kind of business structure(s) (Perfect Competition, Monopoly, Monopolistic Competition, or Oligopoly) would you classify eBay...
What kind of business structure(s) (Perfect Competition, Monopoly, Monopolistic Competition, or Oligopoly) would you classify eBay as? Why?
Firms in which of the following market structure are NOT price setters? oligopoly O monopoly O...
Firms in which of the following market structure are NOT price setters? oligopoly O monopoly O perfect competition O monopolistic competition
This industry is most susceptible to collusion: Perfect Competition Monopolistic Competition Pure Monopoly More than one...
This industry is most susceptible to collusion: Perfect Competition Monopolistic Competition Pure Monopoly More than one of these is correct Oligopoly
1. What do you think best describes each of the following markets: perfect competition, monopoly, oligopoly...
1. What do you think best describes each of the following markets: perfect competition, monopoly, oligopoly or monopolistic competition? Explain. a. The market for cars. b. The market for soy beans. c. The market for cellphones. d. The market for dining out in a large city. 2. Why is price equal to marginal revenue for a perfectly competitive firm but not for a monopolist?
The world of imperfect competition O A. lies between the extremes of perfect competition and monopoly....
The world of imperfect competition O A. lies between the extremes of perfect competition and monopoly. O B. is a world where firms battle over market shares. O C. is a world where economic profits may or may not persist in the long run. OD. is described by all of the above. Monopolistic competition is an industry characterized by a O A. small number of firms producing identical products, with barriers to entry for firms. OB.small number of firms producing...
QUESTION 4 Perfect competition differs from monopolistic competition primarily because o in perfect competition, price is...
QUESTION 4 Perfect competition differs from monopolistic competition primarily because o in perfect competition, price is a decision variable. in perfect competition, firms have homogeneous products. O in monopolistic competition, entry into the industry is limited. in monopolistic competition, there are many firms in the industry.
Firms in which of the following market structure are NOT price setters? oligopoly O monopoly O perfect competition O monopolistic competition
1. What do you think best describes each of the following markets: perfect competition, monopoly, oligopoly or monopolistic competition? Explain. a. The market for cars. b. The market for soy beans. c. The market for cellphones. d. The market for dining out in a large city. 2. Why is price equal to marginal revenue for a perfectly competitive firm but not for a monopolist?
The world of imperfect competition O A. lies between the extremes of perfect competition and monopoly. O B. is a world where firms battle over market shares. O C. is a world where economic profits may or may not persist in the long run. OD. is described by all of the above. Monopolistic competition is an industry characterized by a O A. small number of firms producing identical products, with barriers to entry for firms. OB.small number of firms producing...
QUESTION 4 Perfect competition differs from monopolistic competition primarily because o in perfect competition, price is a decision variable. in perfect competition, firms have homogeneous products. O in monopolistic competition, entry into the industry is limited. in monopolistic competition, there are many firms in the industry.
Most questions answered within 3 hours.
-
choose a radioactive isotope used in healthcare or another field
and report on how your isotope...
asked 1 minute from now -
(20
10Ne) (72 37Rb) (16 8O) (11 5B) why isotope of Rb is most unstable?
is...
asked 3 minutes ago -
A resistor and capacitor are connected in series to a power
supply of 50 Volts. The...
asked 6 minutes ago -
A firm will pay a dividend of $2.01 next year. The dividend is
expected to grow...
asked 10 minutes ago -
The Bureau of Labor Statistics divides the adult population into
four categories: employed, underemployed, unemployed, and...
asked 23 minutes ago -
describe
three ways that industrialized agriculture can impact human
health?
asked 11 minutes ago -
Question 29 Which of the following is not needed in order to
prepare a statement of...
asked 26 minutes ago -
iodination of vanillin
experiment
1. Briefly explain why the
iodination took place at the indicated position...
asked 40 minutes ago -
Hello, I have questions on Matlab. Let's say that I have an
equation. Signal x(t)= cos(2*pi*10*t)...
asked 36 minutes ago -
Fermentation carried out by year cells will produce
1. glucos
2. ethanol
3. phsophoglyceraldehyde
4. 36...
asked 36 minutes ago -
create a class in Java for a Plane
the class will include
String Data Fields for...
asked 39 minutes ago -
A jewellery material consists of 92.5 wt% of Au and 7.5 wt% of
Cu forming a...
asked 43 minutes ago