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.

View Complete Question

Related Questions in Microeconomics

Q : Find out price at maximizes profit

LoCalLoCarbo that is the favorite corporation of fad dieters maximizes profit at a price: (1) P1. (2) P2. (3) P3. (4) P4. (5) P5.

Q : Explain the term PHP Explain the term

Explain the term PHP?

Q : Marginal product I can't discover the

I can't discover the answer of this question of my economy assignment. Help me out to go through this question. If any variable input is not scarce input, then at maximum output what would be its marginal product?

Q : Explain about most price elasticity

Which of the given recommend that supply is most price elastic: (1) a pay hike from $400 to $800 monthly raises military enlistees from 12,000 to 28,000 monthly. (2) A 20% increase in goat milk production follows a 40% increase in the price of cow mil

Q : How Accounting profits differ from

Can someone please help me in finding out the accurate answer from the following question. The Accounting profits differ from economic profits in such a manner that: (1) Accounting profits take into account of opportunity costs, whereas economic profits take into acco

Q : Relatively price elastic demand For

For Cournot’s Spring Water the demand is relatively price elastic at: (i) point a. (ii) point b. (iii) point c (iv) point d. (v) point e.

Q : Buying low price-riskless selling at

Buying low within one market and riskless selling at a higher price into another is termed as: (1) speculation. (2) arbitrage. (3) capitalization. (4) marketeering. (5) profiteering. Please choose the right answer from above...I wa

Q : Total costs by charges

When LoCalLoCarbo produces the profit-maximizing quantity and charges the profit-maximizing price, in that case its total costs equal the area of the rectangle as: (i) 0P3cq2. (ii) bdP4P1. (iii) 0P4

Q : External costs and external benefits

Question: (a) Explain the impact of external costs and external benefits on resource allocation; (b)

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.

Discover Q & A

Leading Solution Library

Avail More Than 1452689 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1961607
Asked

3,689

Active Tutors

1452689

Questions
Answered

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

Submit Assignment