--%>

Oligopoly output control by interdependent firm

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 explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Present consumption and future

    When interest rate increases, the cost of future consumption decreases?

  • Q : A legal price floor and revenues Assume

    Assume that the U.S. wheat market is firstly into equilibrium on S0D0. Now assume the government institutes a legal price floor at P3 per bushel of wheat. When the government does nothing else, one outcome will be such

  • Q : Monetary price and Transaction Costs

    You are more probable to shop at a remote farmer’s market at a lower monetary price instead of purchasing apples at a higher monetary price at the local grocery store if: (i) Possible, as production is cheaper at the farmer’s market. (ii) You want to purch

  • Q : Scarcity of good in market problem In

    In the market of papayas: (1) A scarcity exists at P2. (2) Papayas are a free good at P0. (3) Papayas are presently a scarce good. (4) Consumer’s demand prices equivalent P2 at quantity Q2. (5) Equilibrium price for papayas be P0.

    Q : Joint Profit Maximization Joint profit

    Joint profit maximization is least compatible along with the behavior of: (w) General Motors’ division in Chevrolet, Cadillac, Hummer, Delco Remy and Frigidaire, etc. (x) a successful cartel as like OPEC. (y) a collusive agreement leading to sha

  • Q : Problems on Craft Unions The Craft

    The Craft unions generally keep the wages of their members over the competitive level by: (1) Limiting competition among firms in product market. (2) Rising competition between firms in the product market. (3) Rising the supply of the labor in craft.

  • Q : Arc elasticity formula for price

    When raising subscription rates to the News and Observer from $8 to $10 monthly cause newspaper sales to drop by 180,000 to 120,000 copies daily, using the arc elasticity formula, then price elasticity of demand equals to: (1) 0.9. (2

  • Q : Occupational Licensing The capability

    The capability of otherwise skilled workers to engage in specific careers or enter some professions is most likely most inhibited by: (1) Occupational licensing. (2) Wage discrimination. (3) Segregation in school system. (4) Signaling and screening. (5) Union labor co

  • Q : Price elasticity of demands for moving

    Moving from point d to point e beside demand curve D, the price elasticity of demands of DVDs of video games at equal: (a) 0.8. (b) one. (c) 1.10. (d) 1.25. (e) 2.50

    Q : Llustration of the problem of Moral

    Can someone please help me in finding out the accurate answer from the following question. Failing to lock your door whenever you go out since you have theft insurance is an illustration of the trouble of: (1) Indifference. (2) Apathy. (3) Moral hazard. (4) Market pow