Describe principles and application of oligopoly competition

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Problem

Kindly answer all questions in relation to the subject Advanced Managerial Economics. Please make the answers not too long and contained in short paragraphs.

Question A. Describe the principles and applications of oligopoly and monopolistic competition. How do firms in these market structures behave and make strategic decisions?

Question B. Discuss the principles and applications of decision-making under uncertainty. What are the decision-making tools and techniques that businesses can use when faced with uncertain outcomes?

Question C. Explain the concept of transaction cost economics. How can businesses analyze and manage transaction costs to optimize their operations?

Question D. Describe the principles and applications of strategic pricing. How can businesses align pricing strategies with their overall business strategies to maximize profitability and market share?

Reference no: EM133494718

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