The most common reason that oligopolies exist is multiple choice 1 there are a large number of firms. economies of scale. diminishing marginal returns. regulation.
Q: odecor good y) and one firm. Consumer 1 has only 10 units of good x as her endowment. Consumer 2 has…
A: General equilibrium in economics is a situation where all markets within an economy are in balance…
Q: Which of the following statements are true regarding the time value of money? (Note: Mark ALL the…
A: The mission is to referee between the remarks, what TVM is, and to discern the correct statements.…
Q: d. Use the Edgeworth Box to illustrate the condition in (b) and (c), then explain it clearly. (Note:…
A: Budget line represents all the possible combinations of the goods or services that a consumer can…
Q: The following report is the amount of various currencies on December 31, 2015 owned by Jordan…
A: The purchase price refers to the price which is paid by the customer for the goods or services.…
Q: One of the factors in z, the catch-all variable, is the minimum wage, a price floor below which the…
A: The lowest legal amount that employers are permitted to pay their employees is known as the minimum…
Q: Q7. Answer the following questions. (Use suitable graphs to explain your answers) (i) For the…
A: Engel demand curve represents the quantity demanded for a good at different levels of income keeping…
Q: In a perfectly competitive market, there are two types of consumers in the market with inverse…
A: The demand function is the mathematical relationship between the quantity of a commodity demanded…
Q: Vault cash is included in which of the following measures of the money supply of the United States?…
A: Money supply refers to the amount of total money that is in circulation in the economy at a…
Q: Movies Rentals Assume the graph represents Ayesha's budget constraint. If a movie rental costs $3,…
A: A budget line shows all the combinations of two goods that a consumer can buy, given the total…
Q: To avoid the foreclosure of a 9,000 square foot parking lot near USC, a real estate developer was…
A: Given the situation described, the least likely acceptable option to the current lender would be: b.…
Q: Teacher's Helper is a small company that has a subcontract to produce instructional materials for…
A: The total cost is the sum of the fixed cost incurred by the business and the variable cost of the…
Q: 2. A firm's production function is Q = L0.5K 0.5. It is the short run and K is fixed at 100. The…
A: The production function is the mathematical relationship between different bundles of inputs and…
Q: 4. In 5 years, $18,000 will be needed to pay for a building renovation. In order to generate this…
A: The annual payment that is most nearly necessary, made at the end of each of the first three years…
Q: An isoquant curve for producing a 10 lb bag of wheat is given as below. What is the Marginal Rate of…
A: The objective of the question is to calculate the Marginal Rate of Technical Substitution (MRTS) at…
Q: 550 19 132 186 236 54 26.57 33.71 Refer to Table 9.1. If the market price is $42, then for this firm…
A: A perfectly competitive firm charges same price for all units of product it sells. Therefore, a…
Q: Figure 6-8 Price $9 00 8 7 5 44 3 2 1 0 10 20 30 40 50 60 70 Quantity Refer to Figure 6-8. What is…
A: Taxes are the compulsory compensation made by producers and consumers to the government. The taxes…
Q: 12. Consider Project B in Problem 7.8. Plot its PW(i) vs i. In addition, calculate the Project…
A: We'll also determine if the project passes the Net-Investment Test and its investment…
Q: · Use GDP growth figures of the last decade for the analysis. . Take into account Any global events…
A: GDP is the measure of economic growth and there are various methods to calculate GDP. Such as income…
Q: H A B C DEFGHI Quantity FIGURE 9-1 Refer to Figure 9-1. The diagram shows cost curves for a…
A: This market consists of numerous purchasers and sellers.No market participants can individually…
Q: 2. Assume that there is an increase in taxes Which determinant? A AD or A AS? P₁ What happens to:…
A: Taxes are compulsory financial charges imposed by governments on individuals, businesses, or other…
Q: consider a market for two differentiated products. demand for good 1 is d1 = 1-p1 + 1/4p2 and demand…
A: A duopoly is a market structure where only two firms exist in the market or industry producing a…
Q: In small collegetowns, it is not uncommon that the rental market is dominated by one or a handful…
A: In this monopolistic rental market, the equilibrium quantity and price can be found as…
Q: It is a hot day, and Felix is thirsty. Here is the value he places on a bottle of water: Value of…
A: A demand curve is a graphical representation of the relationship between the price of a good or…
Q: Suppose that a simple economy produces only four goods and services: cars, homes, cheeseburgers and…
A: Gross domestic product is the summation of a country's final goods and services. The increase in GDP…
Q: Ain a community of 10000 people, each is willing to pay Ksh 10 for each well dug. The cost of…
A: Pareto efficiency, a concept in economics, occurs when a situation is optimized so that no…
Q: Assume shoes must be purchased in integer quantities. RuPaul and Priyanka are performers. The table…
A: Every consumer has a maximum price that the consumer is willing to pay for a product. In the…
Q: 5 GDP (Y) Consumption (C) Investment (I) $ 0 $ 60 $ 30 100 120 40 200 180 50 300 240. 60 400 500 300…
A: It contributes to the expansion of productive capacity. This leads to economic growth.Increased…
Q: What factors affect the cost of production in the long-run? Pick all that apply Multiple answers:…
A: The inputs such as capital, labour and land are used to produce and output in the market is known as…
Q: In May of 1970, Canadian authorities abandoned their fixed exchange rate policy which had, for many…
A: The point is to point out the effect, after the flexibility of the Canadian dollar's value from a…
Q: Q2. Suppose we have the following Demand and Supply equations. Here u₁t are IID (0,0%) and u2t are…
A: Demand and supply interact in markets to determine the equilibrium price and quantity of products…
Q: a. At an income of 4000, how much is consumed? How much is saved? O Consumption = $ -500 Savings =…
A: The national income is the summation of a country's final goods and services. It is a yardstick…
Q: We have the following data for a hypothetical closed economy: GNP = $14,000 Consumption (C) = $8,000…
A: Here we have to calculate the private saving, government saving and value of investment expenditure…
Q: Australia is a producer of beef but represents a small part What area(s) comprise the consumer…
A: It measures the benefit(B) consumers receive from purchasing services or items at a price(P) lesser…
Q: 5. The annual output for a luxury hotel chain is given by Q = 30K2/5 L1/2 R1/4, where K, L and R are…
A: The production function of the business shows the relationship between the inputs utilized by the…
Q: a and b please
A: Please refer below for detailed explanations of the above question.Explanation:Step 1:(a) What is…
Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…
A: The objective of the question is to understand the impact of adopting a new technology that…
Q: Unlike the Suez Canal, the Panama Canal is highly relevant for the US economy. A blockage of the…
A: The Panama Canal offers a shortcut for ships, and lowers travel distances and expenses, thereby…
Q: Exhibit: Deposit Expansion Stages What is the required reserve ratio? Group of answer choices 1)…
A: The reserve ratio is the ratio or percentage of the deposits that the banks are required to keep to…
Q: K The table shows the commercial banks' balance sheet (aggregated over all the banks). The…
A: Excess reserves are funds held by banks above the required minimum. They provide a buffer for…
Q: 3. Company A purchases $200,000 of equipment in year 0. It decides to use straight-line depreciation…
A: The present worth of the after-tax depreciation recovery, considering straight-line depreciation…
Q: x Pace of Good X (d) C D S₁ Quantity of Good X D₂ D₁ In the diagram above, which of the following…
A: Market equilibrium is a state in economics where the supply of a good or service matches its demand,…
Q: 1. In Figure 7.1, panel (c) shows the case where Country 1 has higher output than Country 2 because…
A: Resources like land (natural resources), labor (human effort), capital (machines and equipment), and…
Q: 2-Use the diagram below as a reference point. Assume that a firm produces output Q. What happens to…
A: Let's establish the shape of Marginal Product (MP) at the quantity level Q, using the cost curve…
Q: Find all the subgame perfect Nash equilibria of this supergame. Also, briefly explain why each one…
A: A Subgame Perfect Nash equilibrium (SPNE) is a refinement of the concept of Nash equilibrium in…
Q: Maria's Mattress Mart operates in a perfectly competitive market. Maria is currently experiencing…
A: The issue is to comprehend the ramifications of a firm encountering financial misfortunes in a…
Q: **Practice**
A: answer: 4.5Explanation:
Q: The government provides a large subsidy to the chip company Frito Lay. How will this affect the…
A: The demand curve shows the relationship between the price and the quantity demanded by the consumer.…
Q: == Let f(x1, x2)=xx be a Cobb-Douglas production technology where a, ß > 0 and a +ẞ<1. (i) Show that…
A: Monotonicity describes whether a function's values consistently rise or fall within its input range.…
Q: -Make curve and explain the Slutzky and Hicksian method of consumers behaviour
A: ***Since the student has posted multiple questions, the expert is required to solve only the first…
Q: Price of A Used S.U.V. Now show the change in the market for a used S.U.V. that is consistent with…
A: The demand curve represents the quantity demanded by consumers at different price levels.The supply…
-
-
The most common reason that oligopolies exist is
multiple choice 1
-
there are a large number of firms.
-
economies of scale.
-
diminishing marginal returns.
-
regulation.
-
-
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- What is the market structure that best suits the above firm? PRICE (Dollars) 22 10 10 ATC 20 30 40 60 60 70 80 90 100 QUANTITY (Units) a. Perfect competition b. Natural monopoly c. Oligopoly d. None of the above.What is a difference between oligopoly and monopolistic competition? Oligopolists consider the actions and reactions of their competitors. Oligopolists only compete with monopolists. U Monopolistic competitors act like monopolies and oligopolists do NOT. Monopolistic competitors can make long-run profits.know how to compare the characteristic of pure competition Monopoly, Monopolistic competition and oligopoly markets including examples
- Monopolies and Monopolistic Competition Describe the types of inefficiencies that derive from monopolistic competition. Use examplesis an organization created a formal agreement between a group of producers of a good or service, to regulate supply in an effect to regulate or manipulate prices. Select one: a. Oligopoly. b. Cartel. c. Perfect competition. d. Monopoly.Describe the types of inefficiencies that derive from monopolistic competition. Use examples
- Topic; Monopoly vs Oligopoly. Argue against the motion that Monopoly is a better marketing structure than Oligopoly.As long as _________ exist, a monopolist can earn positive profits in the long run A.Entry barriers B.Maximum prices C.BrandsWHAT IS THE DIFFERENCE BETWEEN MONOPOLY AND OLIGOPOLY? PROVIDE EXAMPLES. WHAT IS A MONOPOLISTIC COMPETITION? PROVIDE EXAMPLE. WHAT IS A PERFECT COMPETITION? PROVIDE EXAMPLE SITUATIONS
- List one assumption of each market structure . Perfectly competitive market, Monopoly .Oligopoly C. Monopolistic competitionMonopolistic competition differs from A. oligopoly because firms produce differentiated goods or services B. monopoly because the good produced by each firm has no close substitute OC. monopoly because firms cannot set their own price OD. perfect competition because the goods or services produced are differentiatedWhy do oligopolies exist? Do oligopolies exist due to ? a. market failure b. barriers to entry c. economic profit d. intense competition
