Oligopoly market, marketing, Marketing Management

Oligopoly market, marketing, Marketing Management

Assignment Help:

Oligopoly Market
The majority of the world’s diamonds comes from Country A and Country B. Suppose that the marginal cost of mining a diamond is $1,000 per diamond and that the demand schedule for diamonds is as follows:
Price Quantity
$ 6,000 5,500
5,000 6,500
4,000 7,500
3,000 8,500
2,000 9,500
1,000 10,500
If there were MANY sellers of diamonds, what would equilibrium price and quantity? Why?
If there were only one seller, what would be the equilibrium price and quantity? Why?
If Country A and Country B formed a cartel, What would be the equilibrium price and quantity? Why? Is this cartel likely to survive? Why or why not?

Related Discussions:- Oligopoly market, marketing

Brand personality, identifing brand personality in consumers mind

identifing brand personality in consumers mind

Test marketing., explain the various approaches better followed by smcg com...

explain the various approaches better followed by smcg companies in test marketing?

Exponetial expressions, how do i simplify 7ab(to the -2 power) divided by 3...

how do i simplify 7ab(to the -2 power) divided by 3w

Pricing objectives, Q. Explain the objectives of a firm seek in pricing? ...

Q. Explain the objectives of a firm seek in pricing? OR Described the various pricing objectives Ans.: A business firm has a nu

Determination of interest rates, Question 1: (a) ‘The function of the...

Question 1: (a) ‘The function of the financial system is only to channel funds from the surplus units to the deficit units'. Discuss. (b) How far can the liquidity pref

What are the conventional advertising mediums, Question: You have been ...

Question: You have been asked to attend a Design Workshop, of 200 people, to discuss the main importance of conventional advertising mediums. Being a student of Creative Advert

Marketing process, explain the various elements of marketing process

explain the various elements of marketing process

Why ''supply'' has been more significant than ''purchasing'', Explain why '...

Explain why 'Supply' has been described as being more significant than 'Purchasing' for an organisation. Purchasing Purchasing deals with the day-to-day buying of goods.

Marketing Mix, Marketing mix of Dettol Handwash

Marketing mix of Dettol Handwash

Marketing plan, Marketing plan for a "global" Airline company that is local...

Marketing plan for a "global" Airline company that is localising the global. e.g. Lufhtansa in nigeria

Write Your Message!

Name

Email id

Message

Verfication Code

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

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