--%>
Assignment Help - homework help

Special characteristic of firms in an oligopoly

The special characteristic of firms within an oligopoly NOT determined in other market structures is: (i) homogeneity of product. (ii) interdependence that is mutually recognized. (iii) restricted entry. (iv) a high degree of market power. (v) perfectly elastic market demand curve.

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

   Related Questions in Microeconomics

  • Q : Define equilibrium price Equilibrium

    Equilibrium price: The Equilibrium price refers to a price at which the market demand and market supply are equivalent.

    		•
  • Q : Determine elasticity of demand for

    When the U.S. price elasticity of demand for gasoline is 1.0, the price elasticity of demand for gas sold through one of several gas stations along a busy highway: (w) less than 1.0. (x) 1.0. (y) greater than 1.0. (z) zero.

    Q : Properties of indifference curves

    Properties of indifference curves: The 3 properties of indifference curves are as shown below:A) Slopes downward from left to right: To consume more of onegood the consumer should give up li

    		•
  • Q : Determine elasticity of supply when

    When a $5 price hike raises the number of tanks of dehydrated water supplied into this market from point a to point b, there elasticity of supply is: (w) 4.5. (x) 3.0. (y) 1.5. (z) 0.5.

    Q : Nominal Interest Rates Nominal interest

    Nominal interest rates are: (w) always identical to real interest rates. (x) the percentage of monetary premiums paid per time era for the use of money. (y) determined by the size of economic rents. (z) the percentage of purchasing power transferred b

    		•
  • Q : Cut in prices of Complementary Goods

    The demand for gasoline would rise rapidly after a fifty percent: (i) Drop in the price of crude oil. (ii) Discovery of main latest oil supplies. (iii) Cut in public transportation fares. (iv) Cut in latest car prices.

    Q : Average variable cost curve of firm Can

    Can someone specify correct answer of the given query of demonstrated figure in below that curve J is that cranberry of: (w) industry’s supply curve. (x) firm’s demand curve. (y) firm’s average variable cost curve. (z) firm’s short-run supply c

    		•
  • Q : Problem on price level-real domestic

    Refer to the below diagram. Give me answer of this question. If equilibrium real output is Q2, then: A) aggregate demand is AD1. B) the equilibrium price level is P1. C) producers will supply output level Q1. D) the equili

    		•
  • Q : Economic profits maximizing When this

    When this monopolistic competitor produces Q units, this is maximizing: (w) sales development and its market share. (x) total revenue. (y) economic profits. (z) total fixed cost and its managers' salaries.

  • Q : Collective Bargaining-managers and

    The strikes tend to be resolved after worker’s savings trickle down to a discomfort region and there is an exhaustion of: (i) Public tolerance, causing government to set the fair settlement. (ii) Managers and inventories, causing the firms to increase their offe

    		•