What is Oligopoly, explain in brief
What is Oligopoly? Explain in brief.
Expert
Oligopoly is a situation wherein there are so only some sellers which each of them is conscious of the results on the price of the supply. It is the individually places on the market. In words of J .Stigler `Oligopoly is that situation wherein a firm bases its market policy in part upon the expected behavior of some close revels. Additionally, they may produce homogeneous or differentiated products.
Who is the father of economics and what is wealth definition of economics?
The most valuable human capital onto the given list would be possessed through a person who: (w) inherited a great deal of money. (x) invested large sums on the stock market. (y) had an advanced degree in music education. (z) specialized like a medica
explain the different phases of business cycle
The value of the marginal product is: (w) MPP × MR. (x) MPP × P. (y) MPP × MC. (z) MPP × MRC. Can anybody suggest me the proper explanation for given problem regarding Economics
Firms adjust their inputs of labor or other resources till: (w) revenue is maximized. (x) employment is maximized. (y) marginal product of labor is maximized. (z) profit is maximized. Please choose the right answer
Illustrates the major objectives of demand analysis?
A principal who checks the qualifications of a potential agent before giving the agent a contract is engaging within the process of: (i) signaling. (ii) determining an efficiency wage. (iii) predatory behavior. (iv) screening. (v) discrimination. Q : Factors governing prices and pricing Illustrates the factors governing prices and pricing decision in briefly?
Illustrates the factors governing prices and pricing decision in briefly?
Assume that you require studying six hours per week to earn a ‘C’, nine hrs a week to earn a ‘B’, and 15 hrs per week to earn an ‘A’. This would mean: (i) Raising returns to hrs studied. (ii) Diminishing returns to hrs studied. (iii
Screening and signaling are attempts to: (w) decreases job interview time. (x) decrease the problem of adverse selection. (y) uphold equal opportunity laws. (z) All of the above. I need a good answer on the topic o
18,76,764
1958529 Asked
3,689
Active Tutors
1435186
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!