--%>
Assignment Help - homework help

Stickiness of prices in oligopolistic industries

The "kinked-demand-curve" model was developed into the 1930 year in part to help describe: (i) barriers to entry in oligopoly markets. (ii) the allegedly excessive stickiness of prices into oligopolistic industries. (iii) how competitive industries become oligopolies. (iv) why oligopolies agree while setting their initial prices. (v) how formal collusion is used to establish output quotas.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • 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 : Effect of supply curve due to price rise

    When a farmer grows wheat and rice, how will a raise in the price of wheat influence the supply curve of rice? Answer: The Supply curve of rice will shifted to the

    		•
  • Q : Price discriminate by monopoly firms

    Monopoly firms which can’t price discriminate: (a) are generally forced to shut down into the long run. (b) find this impossible to bar entry by new competitors within the long run. (c) by producing maximize profit where average

    		•
  • Q : Changing in strategy and behaviour

    Within the kinked demand curve model, when one firm: (1) advertises better quality, its rivals will do nothing. (2) raises its price, its rivals will also increase prices. (3) increases its output level, when its rivals will do nothing. (4) lowers its

    		•
  • Q : College loan-Rational Ignorance Assume

    Assume that a student takes out a college loan which needs 12% annual interest, however later learns that his aunt makes loans to the family members at 5% interest. The student has suffered from the problem termed as: (1) Rational ignorance. (2) Blind indifference. (3

    		•
  • Q : Site value of a piece of land The site

    The site value of a piece of land taken as to the: (w) costs incurred by the landowners. (x) value of buildings on the land. (y) value of the land’s location. (z) appearance of the land. Hello guys I want you

    		•
  • Q : Defined Welfare Recipients By

    By description, a family of four receives welfare when it: (1) pays a smaller share of taxes than its share of benefits from government. (2) lives below the poverty line. (3) includes a student attending college on an academic scholar

    		•
  • Q : How is a shift in demand reflected in a

    How is a shift in demand reflected in a demand equation? How is a shift in supply reflected in a supply equation? How is a movement along a demand (supply) curve reflected in a demand (supply) equation?

  • Q : Weekly economic profit of profit

    The profit maximizing firm currently here in illustrated graph can generate a weekly economic profit of approximately: (1) $29,000. (2) $31,500. (3) $34,000. (4) $36,500. (5) $39,000.

    Q : Non-discriminating firm through

    The non-discriminating organization with monopsony power in the labor market confronts the: (i) Wage rate which consistently surpasses the marginal revenue. (ii) MRP less than w. (iii) MFC which surpasses w. (iv) Monopolistic seller of the organization’s output.

    		•