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

Author Question: How is the dominant firm's residual demand curve derived in an oligopoly ... (Read 54 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
How is the dominant firm's residual demand curve derived in an oligopoly market?

Question 2

Which of the following observations is true?
 a. Monopolistically competitive sellers are price takers.
 b. Monopolistically competitive sellers treat price in the same manner as in perfect competition.
  c. Monopolistically competitive sellers regard price as a given by market conditions.
 d. Monopolistically competitive sellers are price makers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

k.lashomb

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

The residual demand curve that the dominant firm faces is the difference between the market demand and the output supplied by the fringe at each price.

Answer to Question 2

d


tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
Reply #2 on: Jun 30, 2018
Thank you :)


k.lashomb

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

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?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Ancestral versus shared derived characters involving a molecular trait. Ancestral versus shared derived characters involving a molecular trait.
Fights for dominance are normally brief, and sometimes merely displaying dominant gestures without p Fights for dominance are normally brief, and sometimes merely displaying dominant gestures without p
Traits With Single-Gene Dominant–Recessive Inheritance Traits With Single-Gene Dominant–Recessive Inheritance
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Unregulated populations "J-shaped curve" Unregulated populations "J-shaped curve"
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Video: TRH/TSH/Thyroid hormone

For a complete list of videos, visit our video library