Most firms in an oligopoly earn an economic profit, yet additional firms do not enter the market. Explain why not?Why can a firm in monopolistic competition make an economic profit only in the short run?Is wage discrimination more likely in competitive or monopolis...
Profits are interdependent in oligopoly markets because (a) products are differentiated. (b) managers are trying to set prices cooperatively in order to maximize total industry profit. (c) entry into You are the manager of a ...
Lu, Y. (2011), "The relative-profit-maximization objective of private firms and endoge- nous timing in a mixed oligopoly", The Singapore Economic Review, 56, 203-213.Lu, Y. (2011) The Relative-Profit-Maximization Objective of Private Firms and En- dogenous Timing in a Mixed Oligopoly....
The aim of this paper is to investigate the welfare effect of privatization in oligopoly when the government takes into account the distortionary effect of... G De Feo,C Capuano - 《Rivista Italiana Degli Economisti》 被引量: 41发表: 2010年 The Relative-Profit-Maximization Objective Of Private...
Normally Oligopoly can earn a profit. Why? A monopolistic competitive firm cannot earn a profit. Why? Describe how the kinked demand curve of an oligopoly firm is derived and explain why price tends to be stable in oligopoly market...
We show formally in the Appendix that it continues to hold in a heterogeneous-firms Cournot oligopoly market, but the intuition is straightforward. With all goods symmetrically differentiated, firms compete against each other only at the level of total output, not at the level of individual ...
Firms from two different simulations can differ in their decision-making process but two firms from the same simulation share the same decision-making process. Decision-making process of a firm is either one of the three following decision rules: Profit maximization (PM) Each time an active firm...
Sbragia, Oligopoly games with nonlinear demand and cost functions: two boundedly rational adjustment processes. Chaos, Solitons Fractals 29, 707–722 (2006) Article ADS MathSciNet Google Scholar Y. Tanaka, Irrelevance of the choice of strategic variables in duopoly under relative profit maximization...
The Relative-Profit-Maximization Objective Of Private Firms And Endogenous Timing In A Mixed Oligopoly This paper investigates whether the relative-profit-maximization objective of private firms affects endogenous timing in a mixed oligopoly in the linear de... Y Lu - 《Singapore Economic Review》 被...
How does the number of firms in an oligopoly affect the outcome in the market? How does the profit maximization condition for a monopoly differ from that for a perfectly competitive firm? How does this difference impact efficiency under each market structure? Explain. What is a monopolistic co...