As the number of firms in an oligopoly increases, the price approaches⏢ANS: B DIF: 2 REF: 17-1NAT: Analytic LOC: Oligopoly TOP: Oligopoly MSC: Interpretive 相关知识点: 试题来源: 解析 B 在寡头垄断市场中,随着企业数量增加,市场结构逐渐趋近于完全竞争。每个企业的市场势力减弱,竞争加剧,合谋难...
Assume that firms in an oligopoly are currently colluding to set price and output to maximize total industry profit. If the oligopolies are forced to stop colluding, the price charged by the oligopolies would _ and the total output produced will _. A.increase; increaseB.increase; decreaseC....
In order to check whether this result is simply an artifact of model assumptions (such as a duopoly under absence of differentiation costs), we present an oligopoly model with a general cost structure, and derive closed-form solutions for two special cases. Our model shows that the adverse ...
Learn what an oligopoly is and its market effects, and view examples of oligopolies. Understand non-price competition and how oligopolies affect price competition. Related to this Question What does it mean to characterize prices as sticky?
Financial services in Brazil have been ripe for disruption, given their expensive fees, lack of alternatives, and expensive credit for consumers that are permitted by an oligopoly of banks (Zeidan, 2020). Neobanks have risen to the challenge over the past several years, tapping into the unbanked...
We show that a firm’s profits under Cournot oligopoly can be increasing in the number of firms in the industry if wages are determined by (decentralised) bargaining in unionised bilateral oligopoly. The intuition for the result is that increased product market competition following an increase in...
failure. In the case of a monopoly or oligopoly, a single seller or a small group of sellers can manipulate pricing. In other situations, known asmonopsonyoroligopsony, it is the buyers that have the advantage. In either case, the disrupted balance of supply and demand could cause market ...
Assume that firms in an oligopoly are currently colluding to set price and output to maximize total industry profit. If the oligopolies are forced to stop colluding, the price charged by the oligopolies would ___ and the total output produced will ___. A. increase; increase B. increase...
What are the three primary characteristics of monopolistically competitive markets? What is the effect of antitrust laws in a monopolistically competitive market? What are the characteristics of an oligopoly market? Mutual interdependence would tend to limit control over p...
In this section the main types of unofficial payments are examined. The analysis makes use of a conventional model of monopoly production. Although monopoly does not characterise all health care markets, monopoly, oligopoly or monopolistic competition is important in many particularly where substantial ...