A) Monopolistically competitive market B) Monopoly C) Oligopoly D) Purely competitive market 1. Why do firms in a monopolistically competitive industry advertise? Research a firm you feel would be in monopolistic competition and explain their advertising scheme in a short summary. Be sure and W...
Why is there a price rigidity in the oligopoly? Why is the economic profit used to measure opportunity cost? Why is it important for a profit-maximizing firm to consider market structure when determining the price and output of its product or service?
There’s nothing about distribution revenue that makes it inherently more noble or worthy than advertising or any other kind of revenue. You go where the money is and, in most cases, that’s not production and distribution. In publishing, just like any other business today, that means you n...
From dragging customers off the plane to false advertising with respect to social distancing within an aeroplane, these guys should just go bankrupt. Stephen May 10, 2020 at 5:01 pm Well, considering where we are NOW, the blood in the...
In an oligopoly, why are airlines so concerned about watching each other when making pricing decisions? Why do airfares keep increasing despite the distance remaining the same? Is that a violation of Consumer Protection Law? Is the opportunity cost of flying the same for all pa...