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Author Question: Which of the following explains one reason why an oligopolistic firm may have market power? (Read 49 times)

agstelzer01

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on: Oct 12, 2022

Question 1

An oligopolistic firm can earn positive profits
◦ only if it advertises its own product.
◦ only if it maintains excess capacity in the production of it product.
◦ only in the short run.
◦ because there are barriers to entry.
◦ only in the long run.

Question 2

Which of the following explains one reason why an oligopolistic firm may have market power?
◦ The market may be "contestable."
◦ There are many similar producers.
◦ The firm produces a significant fraction of total industry output.
◦ The firm always makes positive profits.
◦ The firm has diseconomies of scale.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by agstelzer01 on Oct 12, 2022

Jaclyn92G6

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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agstelzer01

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
Excellent

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