What is Oligopolistic Market Structure? Examples from Developed Countries

Q: In long-run, all firms in monopolistic competition

A: To find:  In long-run, all firms in monopolistic competition

Q: If firms in oligopoly make less than monopolistic even though they invest more money to run the…

A: Entry and exit barriers are inadequate in monopolistic competition. As monopolistic dominant and…

Q: Explain with diagram why an oligopolist (with few competitors) pays more attention to what its…

A: The perfect competition is characterized by the large number of buyers and sellers in the market.…

Q: Does an oligopolistic firm have a supply curve? WHY or WHY NOT? Explain with graph

A: An oligopoly is a market structure characterized by the dominance of a small number of large firms.…

Q: Consider some of the products that are widely advertised on television. By what kind of firm is each…

A: Perfectly competitive market: - it is a market condition where there are many buyers and many…

Q: What is the explanation for the kink in the kinked demand carve of an oligopolistic?

A: Kinked demand curve is a theory related with oligopoly and monopolistic competition. It is an…

Q: Game theory can be used to analyze nonprice competition in oligopolistic markets. a. True b. False

A: Non-pricing competition:- Non-price competition is a marketing technique in which one firm attempts…

Q: Example of oligopolistic market structure

A: Oligopoly is a market structure having a small number of firms, none of which could keep the others…

Q: output of oligopoly market is less/more or equal compare to the output of a perfect competitive…

A: Oligopoly and perfect competition are two different types of market structure.

Q: What is monopolistic competition characterized by? too few firms, each producing too much too many…

A: In monopolistically competitive market, the sellers sell differentiated produces which are close…

Q: What is the primary difference between oligopolistic "coopetition" and cartel behavior? Group of…

A: In oligopoly, there are few large firms in ge market. The god can be identical or differentiated.

Q: What is a reaction curve in an oligopolistic market?

A: Market can be classified into four major structures. THe following are the structures : Perfect…

Q: Give 12 examples of oligopoly markets or industries can you think of.

A: Oligopoly refers to a market where a small number of large firms have all or most of the sales in an…

Q: Explain two ways in which Oligopolists make use of non-price competition measures to sell their…

A: Answer: Oligopolistic market: it refers to the market where there is a small number of sellers.…

Q: Difference between monopolistic competition and oligopoly market in economy ?

A:

Q: Oligopoly is the market where few sellers, each offering a similar or identical product to the…

A: Market: It refers to a place where goods and services are being sold by the producers which produce…

Q: What is cartel in oligopoly?

A: An oligopoly is a market arrangement in which a small number of enterprises can exert significant…

Q: Firms in an oligopolistic market​ ________ because they are​ ________. A. attempt to predict the…

A: Oligopoly is a market structure in which a small number of enterprises sell homogeneous or…

Q: What are the similarities and differences between a monopolistic competitive market structure and an…

A: marketplace is a platform wherein transaction takes area among the manufacturers of a commodity and…

Q: How are oligopoly and monopolistic competition alike? How are they different?

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Give two examples of oligopolistic industries in the Philippines where cooperation seems to be the…

A: The Philippines is the region's most oligopolistic country, and opening up the economy to…

Q: In market structures, what are the roles of perfect competition, monopolistic competition,…

A: A market structure helps in differentiating the industries or firms on the basis of certain…

Q: There are two groups of firms below.   Group 1: firms in the retail sector (e.g. Amazon;  Wal-Mart;…

A: Monopolisitcally competitive market is the one which has a large number of buyers and sellers.…

Q: WHAT IS THE DIFFERENCE BETWEEN MONOPOLY AND OLIGOPOLY? PROVIDE EXAMPLES.

A: Thank you for the question. As per BNED we can answer 1 question per session in case of multiple…

Q: Which of the following apply to oligopoly industries? Select one or more answers from the choices…

A: Imperfect market structures are those markets where individual firms have the power to influence the…

Q: In an oligopolistic industry there are only a few firms. Is this statement correct? Explain.

A: An oligopoly market is a market controlled by a small number of suppliers. They are available in all…

Q: Why is monopolistic competition the most common market structure?

A: Monopolistic competition is a market where differentiated products are being supplied by many firms…

Q: Using the example of a monopolistic competition market player , highlight how it competes with other…

A: Monopolistic competition can be defined as the competition in which there are large number of firms…

Q: Why is the equilibrium in an oligopolistic market less efficient than acompetitive market?

A: Oligopoly refers to the market structure where there are few firms dominating the market condition…

Q: explain what is the difference between firms in monopolistic competition and firms in oligopoly.…

A: In total there are 4 main market types based on how many buyers and sellers are there, is the firm…

Q: why demand curve in oligopoly market is downward slpoping?

A: Imperfect markets are those in which one of the two parties involved, such as buyers, and sellers…

Q: Oligopolistic markets a) can have both homogeneous or differentiated p b) have a few large producers…

A: Oligopoly firms are covered under imperfectly competitive market.

Q: With the aid of a diagram explain on oligopolistic kinked demand curve.

A: Diagram of oligopolistic kinked demand curve:-

Q: oligopoly and monopoly market characteristics?

A: The market characteristics depend on the number of buyers and sellers in the market. The market…

Q: What type of demand curve do we see with oligopolistic markets?  Draw an example

A: We are going to learn concepts such as kinked demand curve and oligopolistic market to solve this…

Q: What are the main features of oligopoly market structure ?

A: main features of oligopoly market are as follows :- 1. Few sellers  2. Interdependence among sellers…

Q: Should competitors work together in an oligopolistic market?what is it called if they do,and is it…

A: One of the feature of oligopoly is interdependence between firms.

Q: Which of the following industries operates in an oligopoly market structure? * Vegetables Hair…

A: In case of Perfect Competition, there are large number of buyers and sellers selling identical…

Q: Why is there so much advertising in monopolistic competition and oligopoly? How does such…

A: Imperfect market structures are those markets where individual firms have the power to influence the…