--%>
Assignment Help - homework help

Intermediate Oligopoly

Why is demand curve is beneath oligopoly indeterminate (i.e., uncertain)?

Answer: Demand curve is indeterminate since of price war among sellers.

   Related Questions in Microeconomics

  • Q : Define consumption function Consumption

    Consumption function: The relationship among income and consumption is termed as consumption function.

    		•
  • Q : Price crosses elasticity of demand for

    When each 1 percent hike in the price of pencils causes a 2 percent decline within the quantity of erasers sold, the price crosses elasticity of demand for such complementary goods is about: (1) -2.0. (2) -1.0. (3) -4.0. (4) 2.0. (5) 1.0.

  • Q : Rain affects play The ABC industry in

    The ABC industry in UK had poor sales in the summer of 2007. This practice explores why, employing economic analysis. It considers how the forces in the direction of an equilibrium price might affect a firm.

    		•
  • Q : Problem regarding to First Mover

    Carlos and Ivana both are roommates and friends. Carlos and Ivana eat together regardless of who cooks. When this game is repeated almost daily, and on Thursday, Ivana is permitted to pick first, the probable result is that: (w) neither Carlos nor Ivana cook, nor do t

    		•
  • Q : Production and costs in monopolistic

    In the short run, no profit-oriented monopolistically-competitive firm still knowingly generates any output unless: (1) an economic profit is assured. (2) total revenues are expected to equal or exceed its total variable costs. (3) the average wage ra

    		•
  • Q : Rent controls fix rent in equilibrium

    Rent controls which fix rents below equilibrium will NOT: (w) maintain monetary rents down. (x) create shortages of rental housing. (y) stimulate non-market allocations of rental housing. (z) maintain the opportunity costs of housing down.

  • Q : Produce a natural monopoly by market

    Market forces tend to produce a natural monopoly while: (1) decreasing costs are small relative to market demand for output. (2) diseconomies of scale are substantial at low levels of output. (3) economies of scale are substantial relative to market d

    		•
  • Q : Goods trading problem Choose the right

    Choose the right answer from following. In recent years the United States has: A) exported more services abroad than it has imported. B) had a small goods trade surplus with Japan. C) had a large goods trade surplus with the rest of the world. D) fallen to third behin

    		•
  • Q : Please In the quintile distribution of

    In the quintile distribution of income, the term "quintile" represents: A 5 percent of the income receivers. B 10 percent of the income receivers. C 15 percent of the income receivers. D 20 percent of the income receivers.

    		•
  • Q : Pepsi and Coke market Some of the

    Some of the consumers strongly prefer Pepsi and some strongly prefer Coke. Thus there is no single market for colas. This statement is true or false ? Explain.This statement is false. Although some people have strong preferences for a specific

    		•