which is most to least competitive
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Arrange the order of the following market structures from most competitive to least competitive:(1) monopolistic competition; (2) monopoly; (3) oligopoly; (4) perfect competition
Of the four market structures given below, which is the MOST competitive? Monopolistic competition. Oligopoly. Monopoly. Perfect competition. A manufacturer produces 5,000 metal crates each month at a cost of $50,000. However, the production of these crates leads to pollution in the surrounding community. As a result of the pollution, residents in the community have higher health care costs (equal to $20,000 each month) and must repeatedly clean their cars and homes (at a cost equal to $10,000 each month)....
how would you fill out this graph? Perfect Competition Competition Monopolistic Monopoly Oligopoly Goal of firmsMaximize Profit Rule for maximizing profit MR-MC Can earn economic profits in the short run? Yes Can earn economic profits in the long run? Yes Price taker? Sometimes P2MC Sometimes Price & MC Produces welfare maximizing output? Number of firms? Few 3. (1 point) Consider a world where only blank t-shirts are produced. Draw hypothetical Demand faced by a firm, MR, MC, and ATC curves...
Which market, perfect competition, price discriminating monopoly, or single price monopoly is the most efficient & why? Which is the least efficient & why?
Oligopoly and Monopolistic Competition 1. Review at least five (5) articles on Oligopoly and Monopolistic Competition. Complete the following activities: 2. Summarize all five (5) articles in 300 words or more. Please use your own words. No copy-and-paste. No Wikipedia articles 3. Discuss at least 3 different concepts presented in the articles. As a manager, how would you apply the three (3) concepts you identified in a production/service organization. Support your discussion with appropriate examples from your own work related experience or...
(a) Which market structure, Perfect Competition, Monopoly, or Monopolistic competition, will result in the greatest degree of choice between alternate products for consumers? Please give an explanation. (b) In which market structure are firms most likely to advertise? Please explain.
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...
1. The general term for market structures that fall somewhere between monopoly and perfect competition isa. incomplete markets.b. monopolistically competitive markets.c. imperfectly competitive markets.d. oligopoly markets.2. An oligopoly is a market in whicha. there are many price-taking firms, each offering a product similar or identical to the products offered by other firms in the market.b. there are only a few sellers, each offering a product similar or identical to the products offered by other firms in the market.c. the actions...
Which of the following conditions distinguishes monopolistic competition from perfect competition? a. the number of sellers in the market b. the freedom of entry and exit by firms in the market c. the size of firms in the market d. product differentiation A monopolistically competitive firm chooses its a. price and quantity just as a monopoly does. b. quantity but faces a horizontal demand curve just as a competitive firm does. c. price but can sell any quantity at the market price just as an oligopoly does. d. price...
Draw the long run equilibrium for both a perfect competitive market and Monopolistic Competitive market. Which is efficient (Define and explain efficiency carefully). Should the inefficient market be regulated? Why or why not.
This industry is most susceptible to collusion: Perfect Competition Monopolistic Competition Pure Monopoly More than one of these is correct Oligopoly