Companies in an oligopoly market that decide to collude (cooperate): a. Will set different prices. Ob. Will share the monopoly profit. c. Will share the perfect competition profit. d. Will have zero profit.
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- What is an oligopoly? An oligopoly is a market structure OA. where many sellers compete by selling an identical product. B. where a small number of interdependent firms compete. OC. where many sellers compete by selling differentiated products. OD. where only one firm buys an input in a factor market. OE. where only one firm supplies the entire market. Three examples of oligopolies in the United States are industries that produce or sell OA. DVDs, college textbooks, and breakfast cereal. OB. wheat, pharmaceutical drugs, and beer. OC. first-class mail delivery, dog and cat food, and pharmaceutical drugs D. automobiles, athletic footware, and cigarettes.PRICE ($) 10 O D₁ED₁. O D₂ED2. O D₁ED₂. D2 O D₂ED 1. DI 2000 Sandy's Salmon is an oligopoly. Sandy's rival firms match price decreases but not price increases. Consequently, we expect Sandy's demand curve to likely be (from left to right) QUANTITY DI D2O an oligopoly With only one buyer, the market type is: A B) a monopoly. I a monopsony. an oligopsony. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- PRICE (S) 10 0 D2 DI OD LED 1. D₂ED 2- D₁ED 2. OD ₂ED 1¹ 2000 QUANTITY DI D2 Marigold Residence is an oligopoly. Marigold's rivals will not match price increases but will match price decreases. Consequently, the firm's demand curve will be (from left to right)If market X was deemed to be an oligopoly, then what must be true? O The price is between the monopoly price and the competitive price. O The price is set at the market equilibrium. Price is set equal to marginal cost. Price equals ATC in long run equilibrium.QUESTION 10 Consider the markets studied in class: Bertrand duopoly, Cournot duopoly and Monopoly. Rank these markets in terms of their equilibrium price (P), total quantity produced in the whole market (Q) and deadweight loss (DWL). Select True of False for each of the following statements: 1-QBertrand PBertrand III - DWLCournot > DWLMonopoly
- 3. for two firms that share a market if demand p=300-q where q is the total quantity sold and fixed cost is 300 and MC is 20 and suppose if the firms are in collusion and the first firm decides to cheat ,how much will the first firm produce ,what will its "p " be and profit be and how much will it exceed the second firm.Also then if both firms collude but both cheat then what will each firm make profit?There are thousands of broadband internet providers in the country, while in a particular city the only way you can get it is through the phone, the cable company, and through DIRECTV. The best model to analyze this market is O monopoly. O monopolistic competition O oligopoly. O perfect competition.K Which of the following statements is incorrect? In oligopoly www A. each firm's action is influenced by the actions and reactions of each other firm OB. barriers to entry prevent new firms entering OC. each firm is a price taker and the price is the monopoly profit-maximizing price OD. each firm's profit is influenced by each other firms' advertising Ō
- which of the following statements about industries that are oligopolies is false? Select one a. An oligopoly with two firms is calleda duopaly, b. Firms in these industries may attempt to cooperate. C The fact that there is more than one firm in an oligopoly means that there are no barrien to entry d. Firms in these industries are interdependentFor each statement in the left column find and match convenient part from the right column of the table: Write your answer A. The market, represented by a group of sellers, unified by an agreement on its segmentation and final price of the production, is considered as ... 1. ... for the oligopoly B. The situation in which society undergoes losses due to high prices and low output is more typical for ... 2 ... for the price discrimination C. The market in which several sellers can affect and control the price of products in an industry is typical for ... 3. ... for the price competition D. The situation when a different price is given for the same product is typical for ... 4. ... for the market of imperfect competition E. Limited resources is the main factor determining the situation typical for ... 5. ... for the perfect competition F. The absence of the supply curve is typical for... 6. ... for the cartel…Question 20 In the market for a brand name medicine with a single company selling the medicine, that company is a_______Eventually, the government lets other companies sell the medicine as a "generic" alternative to the brand name. The effect of this increased competition is to_______ the medicine's price.O. monopoly, decreaseO. oligopoly, decreaseO. monopoly, increaseO. oligopoly, increase