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

Author Question: In an oligopoly market with a dominant firm and a competitive fringe, if market demand is _____, the ... (Read 71 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
In an oligopoly market with a dominant firm and a competitive fringe, if market demand is _____, the market price will be low and the _____ profit will be small.
 a. less elastic; fringe's
  b. less elastic; dominant firm's
  c. more elastic; fringe's
  d. more elastic; dominant firm's

Question 2

The price charged by a monopolist is the point on the demand curve that corresponds to the output where marginal revenue equals marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

True


lidoalex

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Wow, this really help

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

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
Non-competitive inhibition Non-competitive inhibition
In some species, dominant females have more surviving offspring that mature earlier indicating an ad In some species, dominant females have more surviving offspring that mature earlier indicating an ad
Transmission of autosomal dominant disorders (50% chance for an affected child). Transmission of autosomal dominant disorders (50% chance for an affected child).
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Competitive firms and maximization Competitive firms and maximization
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library