absent effective governmental control an oligopoly will most likely end up as a: a) nash equillibrium...

Question

Question

absent effective governmental control an oligopoly will most likely end up as a:

a) nash equillibrium

b) fragmented market

c) segmented market

d) chaotic system

e) Free market

Answer 1

Answer #1

Option E - Free market

The free market is an economic system based on supply and demand with little or no government control

Answer 2

Similar Homework Help Questions

Questions on Lecture and D2L Readings 13. The Canadian health care system most likely does a...

Questions on Lecture and D2L Readings 13. The Canadian health care system most likely does a better job with the _________ problem than the U.S. system a. efficiency b. equity 14. Grace Marie Turner’s concern with government provided health insurance is that it takes away a. equity b. oligopoly and economies of scale. c. freedom. d. both a) and c) are correct. 15. The Canadian system does not include a. dental care. b. eye care. c. both of these. d....
1) True or False. If False, supply a reason. a) The Nash equilibrium is a strategy...

1) True or False. If False, supply a reason. a) The Nash equilibrium is a strategy profile where both players’ payoffs can improve by changing their strategies. b) In an oligopoly, there are a few sellers who can collude and raise prices c) In the prisoners’ dilemma, both players get their highest payoff by pursuing their own self- interest d) In monopolistic competition, each firm generates a deadweight loss, but end up with positive profits. e) In monopolistic competition, firms...
In which of the following is a firm MOST likely to lose direct control over value...

In which of the following is a firm MOST likely to lose direct control over value creation activities? a. Acquisition b. Strategic alliance c. Vertical integration d. Outsourcing e. Merger

A behavioral psychologist is most likely to claim that advertising A. can control consumers' behavior by...

A behavioral psychologist is most likely to claim that advertising A. can control consumers' behavior by providing them with all the relevant information. B. can't violate consumer autonomy by controlling consumer behavior. C. can't create nonautonomous behavior in consumers. D. can control consumers' behavior by controlling their choices.
2. Analgesic drugs are effective for pain control, but a. most people misuse these drugs, using...

2. Analgesic drugs are effective for pain control, but a. most people misuse these drugs, using dangerous amounts. b. antidepressant drugs may also be useful in treating some types of pain. c. NSAIDS are more effective than opiates. d. anesthetic drugs are preferable for controlling chronic pain.
1. When will a minimum wage be an effective price control? When it is a... A....

1. When will a minimum wage be an effective price control? When it is a... A. Maximum "price" that is above the equilibrium price B. Maximum "price" that is below the equilibrium price C. Minimum "price that is above equilibrium price 2. Many major U.S. cities have adopted rent controls for some housing. An effective rent control is what kind of price control? A. A price ceiling with a maximum price above equilibrium price. B. A price floor with a...

Oligopoly Two software firms have developed an identical new software application. They are debating whether to...

Oligopoly Two software firms have developed an identical new software application. They are debating whether to give the new application away free and then sell add-ons or sell the application at $30 a copy. The payoff matrix is above and the payoffs are profits in millions of dollars. a) What is Firm 1's dominant strategy? b) What is Firm 2's dominant strategy? c) What is the Nash equilibrium of the game? d) Does an oligopoly produce the efficient quantity of...
Which file is most likely to contain control accounts? A) Inventory master file B) Customer master...

Which file is most likely to contain control accounts? A) Inventory master file B) Customer master file C) General ledger master file D) Accounts receivable master file
The single most effective control established to avoid allowing any person to be in a position...

The single most effective control established to avoid allowing any person to be in a position to perpetrate and then conceal errors or fraud is to A. Establish separate functional responsibilities for asset custody, recordkeeping, and authorization. B. Require each employee to take a vacation each year. C. Establish an internal auditing department. D. Require the bonding of personnel in positions that necessitate handling of cash and other universally desirable valuables.

Question 3 1 pts What is the most likely product at the end of the following...

Question 3 1 pts What is the most likely product at the end of the following reaction sequence? OH 1. H2SO4/heat 2. HBr Br Br Br Br B Br Br Br E D