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- Kinked demand curve model is useful in explaining price quantity stability that prevails in oligopolistic market agree? Or disagree use ilustrations to explainHow would you present the market equilibrium point within an oligopolistic market via a diagram? Please clearly label where the market equlibrium is found. How would a decrease in demand change this market Equlibirum point in an oligopolistic market and how would you show this graphically?Cite an example of an oligopolistic industry in the Philippines and discuss how these oligopolists behave and interact with each other in the industry
- What does the demand curve faced by an oligopoly? Aside from the petroleum/gas industry, can you give other examples of an oligopoly and provide the demand curve. Explain your answer.Explain the kinked demand curve theory of an oligopoly. Include inyour answer a discussion of a contemprary oligopoly.1) Discuss the main features of oligopoly market. please provide detailed answer
- Suppose that an oligopolistic is charging $21 per unit of output and selling 31 units each day. What is its daily total revenue? Also suppose that previously it had lowered its price from $21 to $19, rivals matched the price cut, and the firm’s sales increased from 31 to 32 units. It also previously raised its price from $21 to $23, rivals ignored the price hike, and the firm’s daily total revenue came in at $482. Which of the following is most logical to conclude? The firm’s demand curve is (a) inelastic over the $21 to $23 price range, (b) elastic over the $19 to $21 price range, (c) a linear(straight) down sloping line, or (d) a curve with a kink in it?Given that this is a cournot duopoly model could I have help solving Im having some trouble comprehending the steps. Please and thank you!2. During your next trip to the supermarket (or you may need to make a special trip) find two examples of different goods for which the market is oligopolistic. Make certain that you have chosen a ‘good’ and not a brand name. Remember that several brand names compete in a market. List all the brand names (or at least four brands if there are dozens) and the parent company for each brand name (check the package carefully so that you don’t confuse brand names with the actual producer.) For each good, what is your evidence that this market is oligopolistic? (number of producers; shelf space give to each one; identical pricing.)
- One of the predictions of the oligopoly model is that: non-price competition is uncommon and price-cutting competition among rivals is common. O prices tend to remain relatively stable despite short-run fluctuations in market demand. the firms' costs of production (raw material, labor, advertising) remain constant over time. only one buyer (monopsony) will result in the long run. MacBook Pro -> G Search or type URL %23 3 4. 7 8 W R YWhat is the distinguishing characteristics of oligopoly in relation to the other forms of the other market organizations? What is its significance? In which sector of the USA economy is oligopoly most relevant?An oligopolistic firm from the telecommunication industry in USA follows demand-and-cost situation in 2009.Price in USD($) Quantity Total cost20 7 3619 8 4518 9 5417 10 6316 11 7215 12 81i. How much output should the oligopolistic produce? What price should it charge and what is the maximum profit can this firm earns?What is the distinguishing characteristics of oligopoly in relation to the other forms of the other market organizations? What is its significance? In which sector of the Zambian economy is oligopoly most relevant? An oligopolistic firm from the telecommunication industry in Zambia follows demand-and-cost situation in 2009.Price in ZWK Quantity Total cost20 7 3619 8 4518 9 5417 10 6316 11 7215 12 81i. How much output should the oligopolistic produce? What price should it charge and what is the maximum profit can this firm earns?
