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 171 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
Gracias!

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Chimpanzees live in complex kin groups in which lifelong bonds and individual personalities play key Chimpanzees live in complex kin groups in which lifelong bonds and individual personalities play key
Field research on free-living primates allows primatologists to study patterns of behavior in the se Field research on free-living primates allows primatologists to study patterns of behavior in the se
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Symptoms That May Lead to a Diagnosis of Attention Deficit/Hyperactivity Disorder Symptoms That May Lead to a Diagnosis of Attention Deficit/Hyperactivity Disorder
There are many ways for an individual to monitor his or her blood glucose level There are many ways for an individual to monitor his or her blood glucose level
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Lipid absorption - end products & transport mechanism

For a complete list of videos, visit our video library