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

Author Question: What is oligopoly? How does oligopoly differ from the other kinds of market structure? What will ... (Read 61 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
What is oligopoly? How does oligopoly differ from the other kinds of market structure?
 
  What will be an ideal response?

Question 2

Explain why ensuring economic stability is an economics function of government?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

Oligopoly is an industry characterized by a small number of firms. The firms are interdependent, and they recognize that they are interdependent. This leads to strategic dependence, which means that firms must recognize that their actions will affect the other firms, and they must take into account the actions of the other firms.

Answer to Question 2

Our economy sometimes faces the problems of high unemployment and rising prices. Perhaps most importantly, the federal government attempts to guide the overall pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability. By adjusting spending and tax rates (fiscal policy) or managing the money supply and controlling the use of credit (monetary policy), it can slow down or speed up the economy's rate of growthin the process, affecting the level of prices and employment.


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

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.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

(A) The structure of a neuron, showing the dendrites, nerve cell body, and axon. (B) Photomicrograph (A) The structure of a neuron, showing the dendrites, nerve cell body, and axon. (B) Photomicrograph
Skin structure, including the three layers of the skin and the accessory organs: sweat gland, sebace Skin structure, including the three layers of the skin and the accessory organs: sweat gland, sebace
Neptune’s Banded Structure Neptune’s Banded Structure
Plant cell structure Plant cell structure
Similarity of the chemical structure of 5-bromouracil (5-BU) and thymine Similarity of the chemical structure of 5-bromouracil (5-BU) and thymine
Structure of polypeptide chains Structure of polypeptide chains
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library