--%>
Assignment Help - homework help

Decisions of oligopoly firm on price and output

Within an oligopoly each firm: (w) ignores the pricing strategies of rival firms. (x) faces a horizontal demand curve. (y) should make decisions on price and output based on expected or actual actions of its rival. (z) has little control over the market.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Market Power and the Demand for Labor

    Can someone help me in finding out the right answer from the given options. The lack of competition in the product market outcomes in: (1) Less labor being hired than when the markets were competitive. (2) More labor being hired than when the markets were competitive.

    		•
  • Q : Characteristic of pure competition A

    A purely competitive firm: (w) is a price taker. (x) is a price maker. (y) is a large part of the industry. (z) sells a differentiated product. Hello guys I want your advice. Please recommend some views for above <

    		•
  • Q : Nondiscriminating monopolists in short

    Within short run equilibrium, there nondiscriminating monopolists will: (w) charge prices greater than their marginal costs. (x) produce outputs which maximize social welfare. (y) produce where their total revenues are maximized. (z)

    		•
  • Q : Monopolistically competitive firm at

    Unlike a firm within purely competitive long run equilibrium, within the long run, there a monopolistically competitive firm which does not price discriminate: (w) produces where P = MC. (y) does not price at the bott

    		•
  • Q : Characteristics of purely competitive

    Characteristics of purely competitive markets do not comprise: (w) homogeneous products. (x) large numbers of potential buyers. (y) large numbers of potential sellers. (z) the capability of sellers to set prices. I

    		•
  • Q : Determine total fixed cost This

    This profit-maximizing pure competitor’s fixed cost (TFC) can be calculated as area of: (1) 0Phq2. (2) 0bgq2. (3) Pbgh. (4) 0aeq1. (5) daef.

    Q : Import cars in equilibrium When the

    When the import car market is in equilibrium prior to the government limits car imports to Q1, the price that buyers will reimburse for an import: (1) Drops/falls from P0 to P1. (2) Is stable, although dealer gains fall by Q0 to Q1. (3) Increases from P0 to P2. (4) Ex

    		•
  • Q : Problem on Substitute Goods Can someone

    Can someone help me in finding out the right answer from the given options. The substitute goods are: (i) Usually consumed altogether. (ii) Inferior to luxury goods. (iii) Generally free goods. (iv) Replacements for each other.

    Q : Opportunity costs in different prices

    While a firm is NOT able of price discrimination: (w) various prices are charged for units of remotely related goods. (x) only opportunity costs are reflected in various prices for units of similar good. (y) any short term profit stimulates long run l

    		•
  • Q : Follow Lower Bond Price Lower bond

    Lower bond prices follow through higher: (w) interest rates. (x) real estate speculation. (y) present value of future income by the bonds. (z) growth rates of national income. Please choose the right answer from ab

    		•