Which would be most characteristic of oligopoly

Assignment Help Business Economics

Reference no: EM131194490

1. Which would be most characteristic of oligopoly?

a. easy entry into the industry

b. many large producers

c. product standardization

d. mutual interdependence

2. Under monopolistic competition entry to the industry is:

a. completely free of barriers.

b. more difficult than under perfect competition but not nearly as difficult as under monopoly.

c. more difficult than under monopoly.

d. blocked.

3. Oligopolistic industries are characterized by:

a. a few dominant firms and substantial entry barriers.

b. a few dominant firms and no barriers to entry.

c. a large number of firms and low entry barriers.

d. a few dominant firms and low entry barriers.

Reference no: EM131194490

Questions Cloud

The profit maximizing prices and profits if the firm bundles : A restaurant has three types of customers. A third of its customers, Type A, are willing to spend $5 on an appetizer but only $2 on a dessert. Another third, Type B, are willing to spend $3.50 on an appetizer and $3.50 on a dessert. Calculate the pro..

Characteristic of monopolists demand curve : The monopolist's demand curve: Under which of the following situations would a monopolist increase profits by lowering price (and increasing output): Which of the following is characteristic of a monopolist's demand curve?

Characteristic of differentiated oligopolistic market : Which is a likely characteristic of a differentiated oligopolistic market?

Domestic policies without regard to the larger institution : The World Trade Organization to the European Union and many more organizations work as multinational institutions. In recent years, we have learned about how the Euro zone has become compromised because of member states engaging in domestic policies ..

Which would be most characteristic of oligopoly : Which would be most characteristic of oligopoly? Oligopolistic industries are characterized by: Under monopolistic competition entry to the industry is:

Monopolistically competitive firm in long-run equilibrium : For a monopolistically competitive firm in long-run equilibrium: In comparing the demand curve of a monopolist with that of a monopolistically competitive firm, we would expect the monopolistic competitor to have a:

Firms leave monopolistically competitive industry : If some firms leave a monopolistically competitive industry, the demand curves of the remaining firms will: The dominant strategy equilibrium in the prisoner's dilemma is:

The marginal revenue curve for monopolist : The demand curve faced by a monopolist: The marginal revenue curve for a monopolist:

In the simple monetary policy rule : In the simple monetary policy rule, a large m means that the central bank is aggressive fighting inflation. If the monetary policy parameter m changes, there is a movement along the AS curve. When the Federal Reserve lowers the nominal interest rate ..

User Account

All Pages