Direct competition with the oligopoly

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Reference no: EM138497

Q1. Use the Internet to research an oligopoly not discussed in the text. From the e-Activity, describe the oligopoly you researched and explain what makes it so.
Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity, initially gaining a 12% marketplace share. Argue oligopoly the steps should take to address this new competition.

Q2. Suppose velocity is constant at 4, real output is 10 and the price level is 2. The government increases from this initial situation about the supposed money supply to 6. If velocity and output stay unaffected by how much will the price level increase?

Reference no: EM138497

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