7 please help The distinguishing features of oligopoly areA. a small number of interdependent firms with no barriers to prevent the entry of new firmsOB. a small number of interdependent firms with natural or legal barriers preventing the entry of new firmsC. a large number of firms each producing differentiated products with no barriers to prevent the entry of new firmsOD. a large number of firms producing identical products with firms free to enter or exit the market7LOL&O*ONexttact

Introduction Oligopoly has some special characteristics found which are not present in other market…

The distinguishing features of oligopoly are *** O A. a small number of interdependent firms with no barriers to prevent the entry of new firms OB. a small number of interdependent firms with natural or legal barriers preventing the entry of new firms O c. a large number of firms each producing differentiated products with no barriers to prevent the entry of new firms O D. a large number of firms producing identical products with firms free to enter or exit the market

The distinguishing features of oligopoly are *** O A. a small number of interdependent firms with no barriers to prevent the entry of new firms OB. a small number of interdependent firms with natural or legal barriers preventing the entry of new firms O c. a large number of firms each producing differentiated products with no barriers to prevent the entry of new firms O D. a large number of firms producing identical products with firms free to enter or exit the market

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 12P

See similar textbooks

Similar questions

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…
Once more, please consider a market with eight producers that produce a total of 30,000 units. Their output is broken down below: Firm's Firm Output One 7400 Two 1800 Three 4100 Four 5200 Five 1400 Six 2800 Seven 6600 Eight 700 According to our lecture, this industry likely to be an oligopoly because is not; a small number of firms produce a large amount of the output O is; a small number of firms produce a large amount of the output O is not; production is spread out among relatively many firms is; production is spread out among relatively many firms
Scenario: Madison Company is a large manufacturer and distributor of cake supplies. It is based in Chicago(Headquarters) and Trinidad. It sends supplies to firms throughout the United States and the UnitedKingdom. It markets its supplies through periodic mass mailings of catalogs to those firms. Itsclients can make orders over the phone and Madison ships the supplies upon demand.The main competition for Madison’s in the United States comes from one U.S. firm and oneCanadian firm. A British firm has a small share of the U.S. market but is at a disadvantagebecause of its distance. The British firm’s marketing and transportation costs in the U.S. marketare relatively high. Given that one-third of the company sales are exported to the United Kingdom and invoices forexports are in US dollars, the demand for its exports is highly sensitive to the value of the Britishpound. In order to maintain its inventory at a proper level, it must forecast the total demand for itsproducts which is…
4.
1
Please answer fast please help 1.2.3
18. Horizontal Integration is most likely to lead to an industry that is: monopolistically competitive an oligopoly any of the other answers O perfectly competitive
Toyota Motor Corporation operates in a oligopolistic market. How should firms reacte to a recession when selling products in a oligopolistic market? What strategies and/or implications for the firm and/or the market can be identified?
Which of the descriptions are characteristics of oligopoly and which are not? a. significant barriers to entry b. large number of firms producing differentiated products c. free entry and exit d. large number of buyers and sellers e. firms must consider competitors' reactions when making decisions
oligopoli 5.1 The following table represents the market share percent- age for each firm in a hypothetical industry. Firm Market Share A 15 C D E 20 B 6 12 7 H 19 11 F G 10 a. Calculate the four-firm concentration ratio for this industry. b. Calculate the Herfindahl-Hirschman Index (HHI) for this industry. c. Would the Justice Department consider this industry as unconcentrated, moderately concentrated, or concen- trated? Why?
Explain the following. A. Economies of Scale B. Oligopoly
Respond to the question with a concise and accurate answer, along with a clear explanation and step-by-step solution, or risk receiving a downvote. Please explain this in detail.