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If there are many sellers,which kind of market is that?
a)Oligapoly
b)
c)Both
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Solved in 3 steps
- Oligopolies An oligopoly is a market structure in which only a few sellers produce similar or identical products. Oligopolies are price-setters and can collude to behave like a monopolist. 1.What are the main features of an oligopolistic market? please help me thank youOne significant difference between oligopoly and monopolistic competition is that a.) entry is more difficult in oligopoly b.) advertising is only noted in monopolistic competition c.) firm can keep the others from having significant influenceWhich of the following statements is true about the difference between monopoly and monopolistic competition? a.Monopolies always earn positive profits b.Monopolistically competitive firms have no barriers to entry or exit
- Which of the following would most likely create the setting for an Oligopoly ? A. The government grants T'Challa and Nakia a patent for their respective vibranium-based electric car batteries. B. Market Demand is two or more times less than the quantity needed to produce at the minimum of the Average Cost Curve. C. Market Demand is two or more times greater than the quantity needed to produce at the minimum of the Marginal Cost Curve. D. Insumountable technological difficulty associated with producing similar products serves as an effective Barrier to Entry. E. All of the AboveWhat is a difference between oligopoly and monopolistic competition? Oligopolists consider the actions and reactions of their competitors. Oligopolists only compete with monopolists. U Monopolistic competitors act like monopolies and oligopolists do NOT. Monopolistic competitors can make long-run profits.What is the primary strategy used by firms in oligopolistic markets to maximize profits?A. Price competitionB. Quantity competitionC. CollusionD. Non-price competition
- a. b. C. d. Price panel a panel b panel c panel di Price (a) (c) MA MC MR ATC Quantity MC ATC D Quantity Price Price (b) MR (d) MC Quantity MC مما ATC Refer to Figure 3. Assume a monopolistic competitive environment: From the 4 graphs depicted, which one of them represents a short-run equilibrium that encourages the entry of other firms? ATC Quantity DThat is correct! Наpру Economics Mentor Okay, I think we can now determine what kind of market you operate in. Kim There are four main types of markets: perfectly competitive, monopolistically competitive, oligopolies, and monopolies. Kim The corn market- an agricultural market – is which kind of market? Kim a monopolistically competitive market an oligopoly a perfectly competitive market a monopoly Submitwhat market inefficiencies derive from monopolies and monopolistic competition?
- is an organization created a formal agreement between a group of producers of a good or service, to regulate supply in an effect to regulate or manipulate prices. Select one: a. Oligopoly. b. Cartel. c. Perfect competition. d. Monopoly.i)Do you think monopolistic competetion markets operate efficiently? ii)Do you think oligopoly markets operate efficiently?In economics, what is the term for a market with only one seller, producing a unique product with no close substitutes? A. Oligopoly B. Monopolistic competition C. Perfect competition D. Monopoly