Question
In: Economics
An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large firms.
An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large firms. Which of the following are other characteristics of this market structure? Check all that apply.
Difficult entry
Mutual interdependence
Ether similar or identical products
No entry
Neither mutual interdependence nor mutual dependence
Solutions
Expert Solution
First three are characteristic of oligopoly.
Difficult entry- In oligopoly market, entry is difficult to a new furm because of high startup cost, copyrights amd patents, resources ownership etc.
Mutual interdependence- In oligopoly all firms or companies are interdependent on each other. The prisoner dilemma theory is applied in oligopoly.
Either similar or identical products- In oligopoly, firms generally produces similar or identical products. Firms produce raw material or intermediate product which will be used as input by others. Such as petroleums, steal, aluminium etc. There is also differentiate products oligopoly which tends to produce or sold personal use goods like automobile, ditergents, computer etc.
No entry- it does not happen in oligopoly market. A new firm can enter.
Rahul Sunny answered 2 years agoRelated Solutions
An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large firms.
Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large firms. Which of the following are other characteristics of this market structure? Check all that apply. Difficult entry Mutual interdependence Either similar or identical products Neither mutual interdependence nor mutual dependence No entry
An oligopolistic market structure is distinguished by several characteristics, one of which is either homogeneous or...
An oligopolistic market structure is distinguished by several
characteristics, one of which is either homogeneous or
differentiated products. What are some other characteristics of
this market structure?
An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products.
Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products. Which of the following are other characteristics of this market structure? Check all that apply Market control by a few large firms Market control by many small firms Mutual dependence Mutual interdependence Difficult entry
list and describe 4 characteristics of an oligopolistic market structure
list and describe 4 characteristics of an oligopolistic market
structure
describe the various ways in which firms within oligopolistic market structure exercise their market power answer...
describe the various ways in which firms within oligopolistic
market structure exercise their market power
answer with your own word ( 200 words )
Can an oligopolistic market structure involve 50 or more firms? If one airline carrier increased their...
Can an oligopolistic market structure involve 50 or more
firms? If one airline carrier increased their prices would other
carriers follow? Please explain. Why do airline fares vary
throughout the year? Please provide real-life examples in your
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4) Assume, A and B are the only firms which are operating in an oligopolistic market....
4) Assume, A and B are the only firms which are operating in an
oligopolistic market. The
equation of the market demand curve is, Q=600-2P, the total cost
function of the firm A
is, TCA=0.5and the total cost function of the firm B is,
TCB=120qB.
a) Find the market price and quantities if both firms behave as
Cournot duopolists.
b) Find the market price and quantities if the firm A behaves as
the Stackelberg leader
and firm B behaves as...
Question 1 The behavior of oligopolistic firms is interdependent. One way of demonstrating how oligopolistic firms...
Question 1
The behavior of oligopolistic firms is interdependent. One way
of demonstrating how oligopolistic firms may behave is chaos theory
/game theory, which shows that most cartel agreements maybe
__________________________ as firms have incentive to
_____________________________.
Question 2
The intent of anti-trust legislation is to promote
_______________________________ and prevent formation of
___________________________________. Some examples of anti-trust
laws are _________________________________________________.
the characteristics of oligopolistic industries include: A few dominant producers. Significant barriers to entry. Identical or...
the characteristics of oligopolistic industries include: A few
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differentiated products. Price and non-price competition. How many
sellers/firms is a few? How would you define "strategic
decision-making?" How does game theory relate to strategic
decision-making? This question is based on the oligopolistic
industries
What tow characteristics does a market structure need to have for firms in that industry to...
What tow characteristics does a market structure need to have
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