Monopolistic competition and oligopoly
One of my friends can't succeed to get the solution of this question. Give me solution of this question. Under what circumstances can monopolistic competition and oligopoly describe stable prices?
An industry dominated by some consciously interdependent firms which control most of its output is an: (1) uncontestable market. (2) oligopoly. (3) illegal conspiracy. (4) unnatural monopoly. (5) entrepreneurial cartel. Can someone
I have a problem in economics on Quantity demanded vary inversely. Please help me in the following question. The law of demand defines that price and: (1) Quantity demanded differ directly. (2) Quantity demanded differs inversely. (3) Demand differs d
Henry George believed that: (1) landowners deserve the economic rent that their land holdings provide. (2) a single tax on land equal to the unearned surplus would pay for all needed government. (3) economic inefficiency would result from a tax on the
Most of the economic models suppose that the financial goal of a corporation is the maximization of the value of: (1) Firm’s net revenue. (2) Accounting gains to the firm. (3) Firm to its shareholders. (4) Progress of the sales revenues. (5) Monetary advantages
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
Provide the solution of this question. The problem of asymmetric information is that: A) neither health care buyers nor providers are well-informed. B) health care providers are well-informed, but buyers are not. C) the outcomes of many complex medical procedures cann
Average and Outputs prices for CDs and DVDs both rose throughout 1999 to 2000 (before the start of Napster and subsequent file-sharing software), which implying: (1) supply of prerecorded music should have grown. (2) law of demand doesn’t apply
At price of Rs. 20 the unit quantity demanded is 300 units. Its price downs by 10% its quantity demanded rises by 60 units. Compute price elasticity. Answer: <
When the price of plastic moose heads increases from $25 to $35 and monthly sales drop by 2000 units to 1000 units, by using the arc elasticity formula, in that case their price elasticity of demand equals: (w) 1/3. (x) 3.0. (y) 2.0.
Can someone please help me in finding out the accurate answer from the following question. The purely competitive labor markets are not characterized through: (1) Most of the individual buyers and sellers of the labor services. (2) Wages equivalent to the marginal res
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