Don't not use Al Explore the differences between perfect competition, monopolies, oligopolies, and monopolistic competition. How do these structures affect prices and consumer choices?
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- 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.dr. phelps (Edmund Phelps) claims the US is becoming more corporatist -- which of the four models (pure competition, monopolistic competition, oligopoly, or monopoly) may be the most useful for analyzing the microeconomic behavior of firms in today's economy? discuss whethere you belibe Phelps is correcg in concluding that our current social-political-economic system does not facilitate nor stimulate our economy's dynamism as much as it did in the past. response should be at least 5 sentences per each part of the question. so a total of 10 sentences or more.mether to produce a low output or a high output. nese output strategies with corresponding profits are depicted in the ayoff matrix to the right. Kuwait's profits are in red and Saudi Arabia's are in blue. Suppose the two countries form a cartel. What is the cooperative equilibrium? Kuwait O A. The cooperative equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a high output. Low Output High Output O B. A cooperative equilibrium does not exist for this game. $125 $75 Low Output O C. The cooperative equilibrium is for Saudi Arabia to produce a low output and Kuwait to produce a high output. $8 $13 Saudi Arabia O D. The cooperative equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a low output. $98 $70 E. The cooperative equilibrium is for Saudi Arabia to broduce a low output and Kuwait to produce a low output. High Output What is the Nash equilibrium for this game? O A. The Nash equilibrium is for Saudi Arabia to produce a high…
- Think about firms such as the Coca Cola Company and PepsiCo who competeagainst each other in the monopolistically competitive market for soft drinks. Eachfirm produces a unique product, but each of these unique products is to some extenta substitute for the soft drinks produced by rival companies.Now imagine a situation where the firms within such a market are facing suchextreme competition that they are unable to make an operating profit. Characterisethis situation diagrammatically and explain what will happen to the market, payingparticular attention to the exit or entry of firms out of (or into) the market.PLEASE ANSWER ASAP How do you differentiate Oligopoly from a Monopoly? And how can an oligopoly market earns its profit?There is much evidence that large firms with considerable market power (firms such asmonopolies) may not maximize profits but may pursue quite different objectives such asgrowth or sales revenue maximization. What are the arguments put forward to defendmonopoly? Name any 5 Generally, the aim of a business is to maximize profit. Which point should a firm operateat in order to achieve maximum profit? By making use of a graph indicate clearly the pointat which a firm makes maximum profit and a point where a firm increase their output inorder to enhance profit as well as well as the points where they should reduce theirproduction if they want to enhance profit
- 1. If the firms in a monopolistically competitive marketare earning economic profits or losses in the short run,would you expect them to continue doing so in the longrun? Why? 2. Is a monopolistically competitive firmproductively efficient? Is it allocatively efficient? Whyor why not? 3. What stops oligopolists from acting together asa monopolist and earning the highest possible level ofprofits?What is the market situation exist when there are many buyers and many sellers? O Monopoly Recession O None of the choices Oligopoly O Perfect competition *Critical Thinking In many oligopolistic industries, firmsfollow a price leadership strategy, in which an accepted industry leader sets, raises, or lowers prices and theother firms follow. In what ways is this policy good andbad for the industry? In what ways is this good or badfor consumers? Whal is the difference between priceleadership and price fixing? Should governments al- low industries 10 use price leadership strategies? If not,how can they prevent it?
- Massive advertisement by Oligopoly and Monopolistic fims i called the practice of non-price competition by which they seem to cause inefficiency in production and distribution of their products. Any government attempt to legislate to limit the cost of advertisement at specific level, the firms will never welcome that possible restriction on their advertisement cost because O t willreluce the power of maintalning their barrier to entry of new firms into the market to take away their market shares O twill lower their profit O itwill increase their cost of sales O twill incur massive lossSuppose that the market for e-readers is an oligopoly controlled by Amazon.com , Barnes and Noble,Sony, and Apple. Barnes and Noble is consideringincreasing its output. How would this affect themarket price? How would it affect the profits ofeach company?1. Which of the following is not a type of market structure? O a. Competitive monopoly b. Oligopoly а. c. Perfect competition d. All of the above are types of market structures.