Tacit collusion by oligopolists

Tacit collusion through oligopolists is possible when: (w) agreed to by the government. (x) a price leader is visible. (y) the oligopolists succeed in forming a cartel. (z) very few firms control the market.

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

View Complete Question

Related Questions in Microeconomics

Q : Price elasticity of demand among

The price elasticity of demand as in below illustrated figure for DVD games among prices of $20 and $30 is about: (w) 1.00. (x) 25. (y) 1/25. (z) 1/2.

Q : Reform or revision of the welfare system

The most important reform / revision of the welfare system within the past half century occurred throughout the administration of President as: (1) Richard Nixon [1971]. (2) Jimmy Carter [1978]. (3) Ronald Reagan [1984]. (4) Bill Clinton [1996]. (5) G

Q : Effect of percentage change in price

Give the answer of following question. When the percentage change in price is greater than the resulting percentage change in quantity demanded: A) a decrease in price will increase total revenue. B) demand may be either elastic or inelastic. C) an increase in price

Q : Minor Inefficiencies in Monopolistic

Minor inefficiencies generated since monopolistic competitors differentiate their products may be more than offset through the: (w) increase in economic equity. (x) expansion of the psychologically-meaningful choices obtainable to consumers. (y) reduc

Q : Quantity demanded grows with price cut

A price elasticity of demand coefficient of 2.5 approximately implies that: (1) quantity demanded rises 1 percent while price rises 2.5 percent. (2) quantity demanded grows 2.5 percent along with a 1 percent price cut. (3) price rises 2.5 percent whil

Q : Occurrence of the price discrimination

Price discrimination occurs when a good is: (1) priced by a formula yielding monopoly profit. (2) denied to customers who refuse to pay the going price. (3) sold at different prices not reflecting differences in costs. (4) subject to government price

Q : Charge price similar to marginal cost

When a profit-maximizing monopolist who does not price discriminate charges a price equal to its marginal cost, this will: (w) minimize average cost and generate zero economic profit. (x) minimize average cost and gen

Q : Demand for Labor-Market Power Can

Can someone please help me in finding out the accurate answer from the following question. The monopolist in product market will hire a labor to a point where the: (i) Marginal revenue product of the labor equivalent its marginal factor cost. (ii) The value of margina

Q : Measurement of price cross-elasticity

Price cross-elasticity of demand measures the virtual responsiveness of the quantity sold of a specified good to a change in the: (w) price of which good. (x) individual's income. (y) sales of another good. (z) price of another good.

Q : Unitary price elasticity demand For

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

Discover Q & A

Leading Solution Library

Avail More Than 1453573 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1938342
Asked

3,689

Active Tutors

1453573

Questions
Answered

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

Submit Assignment