What is an oligopoly and why is it that prices tend to be stable under it?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
When a particular market is controlled by a small group of firms An oligopoly is much like amonopoly ...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Microeconomics A Contemporary Introduction
ISBN: 978-1111415921
9th edition
Authors: William A. McEachern
Question Posted:
Students also viewed these Economics questions
-
Why might a priceleadership model of oligopoly not be an effective means of collusion in an oligopoly?
-
Why does differentiating its product allow an oligopoly to charge a higher price?
-
Why is it that one person may tend to gain weight, even if he eats no more and exercises no less than a slim friend? Recent studies suggest that the factors that control metabolism may depend on your...
-
John dies on 3 March 2021. Between 6 April 2020 and 3 March 2021, he has capital gains of 1,200 and capital losses of 15,400. His net gains in recent tax years (and the annual exemption for each...
-
Due to the similarity between Newton's law of gravity and Coulomb's law, a friend proposes this hypothesis: perhaps there is no gravitational interaction at all. Instead, what we call gravity might...
-
Explain why stock prices fall when a company is found to be carrying out unethical and illegal activities.
-
What valuable analysis should be completed when a machine or motor under test is getting ready to be shut down?
-
LIFT Inc. manufactures garage doors for homes. The standard quantity of direct labor to manufacture a door is 4.5 hours. The standard hourly wage in this department is $12.50 per hour. During August,...
-
In the following program, you will find started code for a GUI like this: Button Action Red Blue Green You have to complete this started code so that whenever a button is clicked, the associated...
-
The world market for newly smelted primary aluminum (i.e., excluding scrap or recycled sources) recently experienced a period of rising inventories and falling prices. The Wall Street Journal...
-
Carefully explain, using appropriate diagrams and figures, the relationship between the law of diminishing returns and short run cost curves.
-
One of the approaches for the Southern Company to comply with the Clean Air Act is to adopt fuel-switching technology. Do you think this strategic flexibility would have value to Southern Companys...
-
During 2016 (its first year of operations) and 2017, Batali Foods used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2018, Batali decided to...
-
True Or False An umbrella policy must be issued by the same carrier that provides the automobile policy.
-
What precautions should be taken when purchasing miscellaneous coverage?
-
Why have some states instituted caps on damages, and how have the courts responded to these caps?
-
Proponents of tort reform argue that increased tort liability has increased the practice of ____________ medicine.
-
If an insured is injured while driving a motor vehicle owned by someone other than the insured, whose coverage is considered primary and whose coverage is considered secondary?
-
A wheelbearing manufacturer owns two plants, both in Illinois. She wishes to see if money for health costs can be reduced if a wellness program is instituted. One plant (E) is selected for a yearlong...
-
What are multinational corporations (MNCs) and what economic roles do they play?
-
What is internal capital rationing.
-
2-Using the CPT data in figure below, a unit weight of 115 pcf, and an overconsolidation ratio of 3, determine (a) soil behavior type (b) o' using Kulhawy and Mayne correlation and (c) N60 for the...
-
How does the application of computational fluid dynamics (CFD) coupled with multiphase flow modeling enhance the understanding and prediction of complex hydrodynamic behaviors in industrial-scale...
-
1. From the joint distribution defined by the graphical model, determine if the conditional independence holds: ALL FIE, B, and provide brief explanation (5 points). 2. Given an undirected chain...
Study smarter with the SolutionInn App