please quikcly thanks ! Which of the following situations would create conducive environment for the practice of effective collusive oligopoly? A. Slow increase in the number of potential producers. B. Demand curve becomes less elastic for the collusive oligopoly's product. C. Rivals ignore price cuts but follow price increases. D. All firms avoid nonprice competition.

Which of the following would most likely create the setting for an Oligopoly ?   A. The government grants T'Challa and Nakia a patent for their respective vibranium-based electric car batteries.   B. Market Demand is two or more times less than the quantity needed to produce at the minimum of the Average Cost Curve.   C. Market Demand is two or more times greater than the quantity needed to produce at the minimum of the Marginal Cost Curve.   D. Insumountable technological difficulty associated with producing similar products serves as an effective Barrier to Entry.   E. All of the Above

Which of the following statements about oligopoly are FALSE:     A. Oligopolies have a tendency to collude and form cartels in order to split monopoly like profits   B. Oligopolistic markets under collusion are socially inefficient (create deadweight loss)   C. If two firms are in a collusion and Firm 1 violates the agreement by lowering the price, Firm 1 will increase its own profit but overall profit in the industry will go down   D. All of the above statements are true

Feve *747 NEW Q1 Which of the following characterize oligopoly markets? Workshop week 9 Maximizing profit under imperfect competition: monopolistic competition and oligopoly. vlogonom a. Non price competition b. Perfect information c. Only a few firms competing. d. Identical products fro A and c B and d A, b, and d B, c, and d i. ii. iii. iv. C. d. 7 Q3 In an oligopoly a. b. UCLan Centr Unive Q2 Firms in monopolistic competition can achieve product differentiation by a. Exploiting economies of scale in production b. B advertising special characteristics c. Expanding plant size d. Setting the price equal to average revenue muzzs on to amor nie! bns binen woy 06) (s muzza arts to smoa nisiqxs has sman woy ns) (d pshoq to 6 zl jsil (8 sriw.nl (d toshaq ont 916 tedW (d 916 16W (6 916 1pW (d The largest four firms are likely to have a small market share. The price is likely to equal marginal revenue. Firms will continue to produce in the long run if price is less than average cost. Firms…