Homework Answers
48. Ans: an oligopoly
Explanation:
An oligopoly market is a market structure where there are few sellers of large size selling identical or differentiated product. Due to small number of sellers an action by one seller have significant impact on the profit of other sellers.
50. Ans: a duopoly, whether they collude or not.
Explanation:
Under oligopoly market structure, if their are only two seller of a product it is called duopoly.
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1. The general term for market structures that fall somewhere between monopoly and perfect competition is
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Question 7 (5 points) In a particular town, DigiTV and Pompast are the only two providers of cable TV service. DigiTV and Pompast constitute a monopolistically competitive market if they charge the same price. monopoly. Nash industry, whether they collude or not. Oduopoly, whether they collude or not. Question 8 (5 points) Suppose that two blackjack players believe that they are superior players to the rest of the people at their table. Further suppose that the two players make an...
please answer all questions!
it
should be no problem with 1st question.
Two discount superstores (Ultimate Saver and SuperDuper Saver) in a growing urban area are interested in expanding their market share. Both are interested in expanding the size of their store and parking lot to accommodate potential growth in their customer base. The following game depicts the strategic outcomes that result from the game. Growth-related profits of the two discount superstores under two scenarios are reflected in the table...
1l. If a monopolistically competitive firm is incurring losses, then at the profit-max a price is above the average total cost curve. b. price is below the average total cost curve c. price is equal to marginal revenue. d. price is less than marginal revenue. e. average total cost equals marginal cost. Both competitive and monopolistically competitive firms a. can maximize profit by raising price. b. cannot control or set their own price c. can maximize profit by producing to...
Please help with these questions
Question 1 0.16 pts Siyed, an economics student, believes that a beer sold by one particular shack on the beach is completely different from an identical beer produced by the same factory and sold by the luxury hotel adjacent to the shack. Siyed most likely thinks that O the luxury hotel is a monopoly seller of the been O the shack is in a perfectly competitive industry, but the luxury hotel is in an oligopoly...
Please Help
Question 9 0.16 pts The gap between the actual quantity produced by a monopolistically competitive firm and the optimal quantity in a competitive market is known as inefficient scale. insufficient capacity. flux capacity O markup. excess capacity Question 10 0.16 pts We could state correctly that the minimum characteristic necessary to distinguish among price-making firms is O price discrimination. the number of firms in the industry. whether they produce industrial or consumer products. O product differentiation. O the...
can you please help me with these problems .
microeconomics
0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an effort to drive a competitor out of the market is known as predatory average variable O average fixed explicit average total marginal 0/1.21 pts wered Question 78 0/1.21 An example of a tying arrangement is a restaurant offering both Pepsi and Coca-Cola products. a car manufacturer installing expensive onboard GPS/navigation systems in all the...
These three questions please
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