The term “oligopoly” refers to an industry where there are only a small number of firms operating. In an oligopoly, no single firm enjoys a large amount ofmarket power. Thus, no single firm is able to raise its prices above the price that would exist under a perfect competition scenario...
As the number of firms in an oligopoly becomes very large, the price effect disappears.ANS: T DIF: 2 REF: 17-1NAT: Analytic LOC: Oligopoly TOP: Oligopoly MSC: Interpretive 相关知识点: 试题来源: 解析 T 在寡头垄断市场中,企业的定价和产量决策受价格效应(即增加产量导致市场价格下降)和产量...
It is for this reason that economists decide whether or not to classify any particular market as an oligopoly by counting the number of firms: this provides a recognisable, objective and measurable criterion for classification, whereas the awareness of mutual interdependence of sales, purchase, ...
nor the purely competitive firm must consider how alternative actions by rival firms will affect its own revenue possibilities—the monopolist has no rivals and the competitive firm has so many that it can ignore any one of them. Oligopolists not only have rivals, but they have so few of ...
The number of firms in an oligopoly being only a few and limited, each firm while making its own price and output decisions has to take into account the likely reaction of the others with regard to their prices and outputs. Any move by a particular firm to reduce its price with a view...
•Manyfirmssellingproductsthataresimilarbutnotidentical.•许多企业出售类似的但并不相同的产品。Figure1TheFourTypesofMarketStructure NumberofFirms?ManyfirmsTypeofProducts?Onefirm Fewfirms Differentiatedproducts Identicalproducts Monopoly(Chapter7)Oligopoly(Chapter9)MonopolisticCompetition(Chapter8)•Novels•...
An oligopoly is a market characterized by few firms, identical or differentiated products, high barriers to entry, and considerable control over the price. Due to the number of firms in this market, the actions of any single firm can have an impact on the others....
美[ˌɒlə'gɒpəlɪ] 英[ˌɒlɪ'gɒpəlɪ] n.商品供应垄断 网络寡头垄断;寡占;寡占市场 复数:oligopolies 英汉 英英 网络释义 n. 1. 商品供应垄断 释义: 全部,商品供应垄断,寡头垄断,寡占,寡占市场
According to traditional economic theory, a natural oligopoly is a market structure in which a small number of firms compete and natural or legal barriers restrict the entry of new firms. The prevailing theoretical explanation of the rating oligopoly assumes that new competitors cannot enter the mark...
Like the more commonly heard of term ‘monopoly’, the term oligopoly is derived from the Greek wordsoligoimeaning ‘few’, andpoleinmeaning ‘to sell.’ All of the firms who partake in an oligopoly are considered to be “very large in terms of profit, size and client base. ...