Making price and output decisions by Oligopoly

Of the given, the firm probably to consider possible reactions through rival firms while making price and output decisions would be as: (w) a family-owned and operated dairy farm in Wisconsin. (x) your local electric utility. (y) the biggest independent oil producer in Wyoming. (z) a main national chain of fast food restaurants.

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Exploiting the economies of Scope Bobby

Bobby Lee’s dairy has gainfully expanded beyond butter, fresh milk and cheese, by providing Organizmic Fertilizer, guided by ATV tours for the visitors, and Granny Lee’s Exfoliating Body Yogurt. The Clyde County Business News trumpets that the Bobby Lee ha

Q : Rates of Return below Investment When,

When, relative to most another forms of business, farm incomes are tiny in comparison to farmers’ net wealth, in that case: (w) rates of return in agriculture are below those from other investments. (x) agriculture generates pos

Q : Rule of thumb for office rent Is there

Is there any rule of thumb for office rent or on lease per gross income? If yes, then explain?

Q : Shut down point in the short run A

A monopolist will shut down during the short run when its equilibrium price as: (w) equals short-run average cost. (x) exceeds marginal cost. (y) is less than average variable cost. (z) is less than average fixed cost.

Q : Profit Maximization-total proceeds and

The entire profit maximizing organization will hire more labor up to the point where: (w) Average physical product of labor equivalents the nominal wage. (x) Last unit of labor adds uniformly to net revenue and net cost. (y) Marginal product of the labor is at its hig

Q : Competition and Rivalry When new firms

When new firms enter an imperfectly competitive market, in that case the demand curves of the firms previously in the market will: (w) shift to the left. (x) shift to the right. (y) become vertical. (z) become horizontal.

Q : Problem on market boundaries The

The market’s boundaries are stated by: (i) Legislation. (ii) The number of sellers and buyers in the market. (iii) The ease of trading among sellers and buyers. (iv) Geographical borders. Choose the right ans

Q : Fundamental Normative Economics The

The fundamental economic question for that answers are most likely to be different greatly across the populace and be most heavily based upon value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods so

Q : Define revenue Revenue : This refers to

Revenue: This refers to total money income from the sale of output.

Q : Setting a price in profit-maximizing

This profit-maximizing firm as in demonstrated figure will set a price where: (1) P > MC = MR. (2) MR > MC = P. (3) MR = P > MC. (4) MR = P > MC. (5) P < MC < MR.

Discover Q & A

Leading Solution Library

Avail More Than 1427111 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1952567
Asked

3,689

Active Tutors

1427111

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment