This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In an oligopoly market A) individual firms pay no attention to the behavior of other firms. B) ... (Read 147 times)

FButt

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
In an oligopoly market
 
  A) individual firms pay no attention to the behavior of other firms.
  B) one firm's pricing decision affects all the other firms.
  C) the pricing decisions of all other firms have no effect on an individual firm.
  D) advertising of one firm has no effect on all other firms.

Question 2

Refer to Figure 12-1. If the firm is producing 500 units, what is the amount of its profit or loss?
 
  A) profit equivalent to the area A
  B) loss equivalent to the area A
  C) profit of 280
  D) There is insufficient information to answer the question.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


FButt

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

An individual affected by xeroderma pigmentosum An individual affected by xeroderma pigmentosum
Neural Circuits and Maternal Behavior Neural Circuits and Maternal Behavior
Age Differences in Attention to a Puppet Show Video Age Differences in Attention to a Puppet Show Video
Digestion converts whole foods into individual nutrients that can be used by the body’s cells Digestion converts whole foods into individual nutrients that can be used by the body’s cells
Economic objectives of firms Economic objectives of firms
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Introduction to Diabetes

For a complete list of videos, visit our video library