User Account

All Pages

An oligopolistic firms demand curve will be kinked at the

Assignment Help Microeconomics
Reference no: EM13299472

An oligopolistic firms's demand curve will be kinked at the current market price if: a. firm acts as a price leader in the industry, b. the firm produces a differentiate product, c. there is free entry and exit in the market, d. the firm expects other firm's to match all price changes, e. demand is elastic for price increases by the firm.

Reference no: EM13299472

Questions Cloud

Explain is the mole percent of co2 in the product stream : A stream of air (21% O2 m, the rest N2) flowing at a rate of 10.0 kg/h is to be mixed with a stream of CO2 inside a mixer. The CO2 enters the mixer at a rate of 20.0 m/h at 150 ?C and 1.5 bar. What is the mole percent of CO2 in the product stream
Determine pressure drop in length assuming laminar flow : Under these conditions flow is expected to be turbulent, but for a clean air, very smooth enterance (with guided vanes) to the tube and no tube vibration, it may be possible to maintain laminar flow.
Calculate the gain achieved through the merger : Company A is thinking about buying and then merging with Company B. At the moment the yearly growth rate of Company B is 4% but after the merger the expected growth rate is 5% without a need for additional investments.
Explain the mass fraction of methane : An ideal gas mixture contains 35% helium, 20% methane, and 45% nitrogen (by volume) at 2.00 atm absolute and 90 ?C. Calculate: (a) The partial pressure of each component.
An oligopolistic firms demand curve will be kinked at the : An oligopolistic firms's demand curve will be kinked at the current market price if: a. firm acts as a price leader in the industry, b. the firm produces a differentiate product,
Estimate the capacitance of the device : n air-filled spherical capacitor is constructed with inner and outer shell radii of 7.00 and 14.0 cm, respectively. Calculate the capacitance of the device
Describe the partial pressure of each component : Calculate: (a) The partial pressure of each component. (b) The mass fraction of methane. (c) The average molecular weight of the gas mixture. (d) The density of the gas mixture in kg/ m3. write the steps please
Determine what is ow rate of sea water through the tunnel : Google budgets for an energy consumption of the pump for this system of 2MW. If the pump 1 has an efciency of n= 87%, what is the ow rate of sea water through this tunnel
Explain direct solution of the ideal gas equation of state : The pressure gauge on a 20.0 m3 tank of nitrogen at 25 ?C reads 10 bar. Estimate the mass of nitrogen in the tank by : (a) Direct solution of the ideal gas equation of state. (b) Conversion from standard conditions.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd