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

Author Question: A firm can find a competitive advantage A) by differentiating its product. B) by having a barrier ... (Read 53 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
A firm can find a competitive advantage
 A) by differentiating its product.
  B) by having a barrier to entry.
  C) through its organizational structure.
  D) all of these choices.

Question 2

Explain why under oligopoly conditions firms might wish to choose pricing and output strategies together. What is this arrangement called?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

If firms can agree together about pricing and output strategies, they may be able to function in the market as a monopoly, thereby increasing the profits for all firms. This is called a cartel. Frequently cartels are short-lived because there is a strong incentive for individual firms to undercut the cartel price to increase their market share and their profits.


mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jun 30, 2018
Thank you


CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Calculation of body mass index. To determine your BMI, find the value for your height on the left ... Calculation of body mass index. To determine your BMI, find the value for your height on the left ...
How to find derivatives of trigonometric functions How to find derivatives of trigonometric functions
How to find the derivatives of inverse trigonometric functions (Part 1) How to find the derivatives of inverse trigonometric functions (Part 1)
How to find the second derivative of a function How to find the second derivative of a function
How to find the definite integral using the fundamental theorem of calculus (Part 1) How to find the definite integral using the fundamental theorem of calculus (Part 1)
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
Video: EpiPen Animation (Part 1)

For a complete list of videos, visit our video library