The key distinguishing feature of firms in oligopoly is interdependence. True or False TrueFalse
The key distinguishing feature of firms in oligopoly is interdependence.
True or False
Homework Answers
Answer
True
Becuase the higher interdependence shows that its oligopoly as there are few firms and taking the decision on the basis of the others decision about price and quantity of output.
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The key distinguishing feature of firms in oligopoly is
interdependence.
True or False
TrueFalse
The Key feature of Oligopoly is interdependence – we saw this in both traditional models and...
The Key feature of Oligopoly is interdependence – we saw this in both traditional models and using game theory. a. Explain why price can be very rigid for an oligopoly using the “Kinked Demand Model”: 2 point b. Explain how an oligopoly can simultaneously take one features seen for a monopoly and for perfect competition using the “Price Leader Model”: 2 point c. Describe how the Hirchmann Herfindahl Index (HHI) provides a more acquire measurement of market concentration than a...
TRUE/FALSE/UNCERTAIN: Explain as well: All firms competing in oligopoly markets make positive economic profits.
TRUE/FALSE/UNCERTAIN: Explain as well: All firms competing in oligopoly markets make positive economic profits.
An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. What...
An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. What are some other characteristics of this market structure? Check all that apply. a. Either identical or differentiated products b. Market control by many small firms c. Market control by a few large firms d. No entry
The distinguishing feature of many firms that pursue a(n) _____ strategy is that they are selling...
The distinguishing feature of many firms that pursue a(n) _____ strategy is that they are selling a product that serves universal needs, but they do not face significant competitors. home replication localization transnational global standardization geographic If you were asked to review and consider the two aspects of business profitability, which of the following considerations would be associated with maximizing prices? Pressures to standardize How custom do I need to be? Both a. and b. (above) Global integration All...
Advertising is most widely seen in monopolistically competitive markets and oligopoly markets. True False In the...
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answer 3 till iv a) What are the two distinguishing characteristics of oligopoly? (3 points) (ii)...
answer 3 till iv
a) What are the two distinguishing characteristics of oligopoly? (3 points) (ii) Why are firms in oligopoly interdependent? (3 points) (iii) Why do firms in oligopoly face a temptation to collude? (3 points) (iv) Can you think of some examples of oligopolies that you buy from? Give three examples. (3 points)
Risk attributes of collateralized mortgage obligations differ based on tranches. True or False TrueFalse
Risk attributes of collateralized mortgage obligations differ based on tranches. True or False TrueFalse
#36 Which of the following statements is false? a. Firms under perfect competition face perfectly inelastic...
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Statement 1: In oligopoly markets, the firms do NOT produce at the lowest possible cost (i.e.,...
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47) Firms in an oligopoly i. are independent of each other's actions. ii. can each influence...
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Advertising is most widely seen in monopolistically competitive markets and oligopoly markets. True False In the long run, only monopolists and oligopolists can make positive economic profits. True False When markets do not lead to the most efficient allocation of resources for society as a whole, then there has occurred market failure. True False The most efficient point of production occurs at the bottom of the average total cost (ATC) curve. True False Oligopoly markets are different from other market...
answer 3 till iv
a) What are the two distinguishing characteristics of oligopoly? (3 points) (ii) Why are firms in oligopoly interdependent? (3 points) (iii) Why do firms in oligopoly face a temptation to collude? (3 points) (iv) Can you think of some examples of oligopolies that you buy from? Give three examples. (3 points)
Statement 1: In oligopoly markets, the firms do NOT produce at the lowest possible cost (i.e., lowest point on the average total cost (ATC) curve). Statement 2: Social surplus is NOT maximized in oligopoly markets. Statement (1) is true; statement (2) is false. Both statements (1) and (2) are tru. Both statements (1) and (2) are false. Statement (1) is false; statement (2) is true. Which of the following is the set of laws (legislation) that prohibits the formation of...
47) Firms in an oligopoly i. are independent of each other's actions. ii. can each influence the market price. ii. charge a price equal to marginal revenue. A) 1 only B) ii only C) ii only D) i and ii E) i, ii, and ii 48) Which of the following are characteristics of an oligopoly? i) The HHI for an oligopoly is between 100 and 1800. i) There are a few firms that compete. ii) The firms can increase their...
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