There will be the greatest difficulty to enter/exit the market in which type of market? a. A perfectly competitive market. b. An oligopoly market. c. There is equal difficulty to enter/exit each of the mentioned markets. d. A monopoly market
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There will be the greatest difficulty to enter/exit the market in which type of market?
a. A perfectly competitive market.
b. An oligopoly market.
c. There is equal difficulty to enter/exit each of the mentioned markets.
d. A monopoly market
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Solved in 2 steps
- I need the answer as soon as possibleThat is correct! Наpру Economics Mentor Okay, I think we can now determine what kind of market you operate in. Kim There are four main types of markets: perfectly competitive, monopolistically competitive, oligopolies, and monopolies. Kim The corn market- an agricultural market – is which kind of market? Kim a monopolistically competitive market an oligopoly a perfectly competitive market a monopoly SubmitSuppose, Pfizer Company is the only company allowed by the Sultanate government to sell COVID vaccine in Oman. According to you, what type of market Pfizer Company is having in Oman? a. Monopoly market b. Monopolistic market c. Competitive market d. Oligopoly market
- Which market structure shown below would be expected to maximize consumer surplus? A. Monopoly B. Oligopoly C. Perfectly Competitiveis an organization created a formal agreement between a group of producers of a good or service, to regulate supply in an effect to regulate or manipulate prices. Select one: a. Oligopoly. b. Cartel. c. Perfect competition. d. Monopoly.Gaynor is the only manufacturer of gas pumps that automatically refill. Gaynor can earn a profit on the sale of these gas pumps a.in the long run but not the short run because the monopolist will face competition in the short run. b.in the long and short run because entry into the industry by new firms is blocked. c.only in the long run because government regulations prevent monopolists from earning profits in the short run. d.in the short run but not in the long run because new firms will enter the industry in the long run.
- Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at least monopoly firms tend to be regulated. Arguments in favor of a more benign view of oligopolies include a. Oligopolies are self-regulating. b. Oligopolies can be kept in line by foreign competition. c. Oligopolistic industries may promote technological progress. d. Oligopolies may engaA duopoly occurs when A. two producers of a particular good compete in the same market B. one producer of two goods sells the goods in a monopoly market C. several producers of two goods compete in a competitive market D. two producers of two different goods compete in an oligopoly marketThe __ market is an example of __ type of market.
- 1.The wise use or utilization of money and time. a. Eng'g. Economics b. Business c. Investment d. Economics e. none of these 2. This occurs in a situation where a commodity or a service is supplied by a number of vendors and there is nothing to prevent additional vendors to enter C. Monopoly d. Elastic demand e. none of these the market. a. Perfect competition b. Oligopoly 3. Is the simplest fom of business organization. a. Sole proprietorship b. Partnership C. Enterprise d. Corporation e. none of these 4. The quantity of a certain commodity that is bought at a certain price at a given place and time. C. Price a. Demand b. Barter d. Profit e. none of these 5. The quantity of a certain commodity that is offered for sale at a certain price at a given place and time. a. Demand b. Supply C. Price d. Profit e. none of these 6. A contractor has a job which should be completed in 100 days. At present he has 80 men on the job and it is estimated that they will finish the in 130 days. Of the 80…Question 2 Full explain this question and text typing work only thanksGaynor is the only manufacturer of gas pumps that automatically refill. Gaynor can earn a profit on the sale of these gas pumps a. in the short run but not in the long run because new firms will enter the industry in the long run. b. in the long run but not the short run because the monopolist will face competition in the short run. c. only in the long run because government regulations prevent monopolists from earning profits in the short run. d. in the long and short run because entry into the industry by new firms is blocked.