--%>

Oligopolistic pricing behavior

Collusive oligopolistic pricing behavior: (1) leads to natural monopoly when only some firms dominate an industry. (2) entails overt agreement among many firms in setting outputs and prices. (3) arises while contestable firms simultaneously raise or lower prices. (4) parallels monopolistically competitive pricing behavior in the long run. (5) is socially optimal since cooperation is more efficient than competition.

Please choose the right answer from above...I want your suggestion for the same.

   Related Questions in Microeconomics

  • Q : Problem on Resource Costs Can someone

    Can someone help me in finding out the precise answer from the given options. A raise in the cost of resource inputs would lead to the: (1) Shift of the supply curve to right. (2) Shift of the supply curve to left. (3) Movement upward all along the su

  • Q : Define Oligopoly and its characteristics

    Explain the term Oligopoly? Also explain its Characteristics?

  • Q : Tax cutting affect the economy How does

    How does tax cuts affect the economy?

  • Q : Total revenue in profit-maximizing

    Total revenue (i.e., TR=PQ) for such profit-maximizing competitive firm equals area as: (a) 0P1gq5. (b) 0P1dq4. (c) 0P2cq3. (d) P2

  • Q : Opportunity Cost to the User An

    An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m

  • Q : Average variable costs and average

    Both average variable costs and average total costs are demonstrated for this profit-maximizing firm, therefore this given figure depicts information for: (i) an oligopoly firm. (ii) operations in the short run since fixed costs are present, although

  • Q : Calculating opportunity cost The

    The economics professor is paid $90,000 yearly, however knows she could earn $140,000 when she began a consulting firm. The opportunity cost of her university place is: (a) zero. (b) – $90,000. (c) $140,000. (d) $90,000. Choo

  • Q : Price discrimination in markets Price

    Price discrimination is probably in markets: (w) for medical services. (x) for wheat sold by farmers. (y) for bread sold by grocers. (z) where all consumers have identical demand curves. Can anybody suggest me the

  • Q : Rate of return onto investment When the

    When the rate of return on investment equals the interest rate, in that case investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible. Hey friends please give your opin

  • Q : Demands for consumer for resources

    Since demands for resources eventually depend upon consumers’ demands for goods, in that case the demand for labor is: (w) termed as a derived demand. (x) a perfectly elastic demand curve. (y) a perfectly inelastic demand. (z) a horizontal line.