--%>
Assignment Help - homework help

Oligopoly and Economic Welfare

Assume that P = MSB and the firms in an oligopoly are in equilibrium where P>MC. This follows that: (1) P=MSC. (2) MSB>MSC. (3) MSB

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Procedure of transforming predictable

    The procedure of transforming predictable income streams in wealth is termed as: (1) capitalization. (2) profiteering. (3) financial alchemy. (4) capitalism. (5) asset conversion. Can someone explain/help me with b

    		•
  • Q : Payments in dictionary of economic The

    The economic word for payments for the utilization of capital is: (1) dividends. (2) interest. (3) profit. (4) residuals. (5) royalties. I need a good answer on the topic of Economics problems. Ple

    		•
  • Q : Illustrate ready-to-eat cereal industry

    Brands of ready-to-eat cereal by Kellogg, Post, General Mills and Quaker [for example Frosted Flakes, Raisin Bran and Cheerios] account for more 85 percent of all breakfast cereals sold. Here the ready-to-eat cereal industry is an illustration of: (w)

    		•
  • Q : Public Opinion Sampling Public Opinion

    Public Opinion Sampling: Increasingly trade policy debates and issues are being defined and driven by public polling and expert opinion. Mendellson and Wolfe (2004) offer an overview of the public policy debate in Canada and the roll of polling in def

    		•
  • Q : Define Marginal rate of Substitution or

    Marginal rate of Substitution (MRS): It is the rate at which a consumer is prepared to give up one good to get the other good.

    		•
  • Q : Imposition of rent controls under

    The imposition of rent controls below equilibrium rental rates tends to create: (i) a housing surplus. (ii) booms of new apartment construction. (iii) declines in the quantity and upkeep of rental units. (iv) rising incomes for landlords. (v) enhanced

    		•
  • Q : Monopolistic Exploitation Can someone

    Can someone help me in finding out the right answer from the given options. In the equilibrium for a price maker firm, the rate of monopolistic exploitation is any difference among: (i) P and MR. (ii) P and MC. (iii) VMP and MRP. (iv) Output price and rate of monopson

    		•
  • Q : Price ceilings causes shortages of a

    When price ceilings cause shortages of a good in that case the good tends to be: (1) replaced by substitutes by many consumers. (2) allocated by several non price mechanism. (3) more valuable to consumers than the money prices charged

    		•
  • Q : Marginal revenue of purely competitive

    When boosting output by hundred units raises total revenue by $1200, in that case a purely competitive firm’s marginal revenue the same as: (w) $1,200. (x) $120. (y) $12. (z) $120,000. I need a good answer on

    		•
  • Q : Economic losses driven down to zero

    Exit by a competitive industry will arise till economic: (1) profits are driven to zero. (2) profits counterbalance accounting losses. (3) incomes are equalized for comparable workers. (4) costs are sufficiently below accounting losses. (5) losses are driven down to z

    		•