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

Author Question: What are the characteristics of oligopoly?[br][br][b][color=#566D7E]Question ... (Read 20 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
What are the characteristics of oligopoly?

Question 2

Which of the following is an advantage of having a marketing cooperative?
 a. Sellers get a steady supply of raw materials for their produce.
  b. Buyers get a steady supply of finished products.
  c. Sellers can save resources they would have spent on marketing and instead specialize in production.
  d. Buyers face lower risks of opportunism.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 30, 2018
Answer to Question 1

The following are characteristics of oligopoly:
 relatively few firms
 products may be homogeneous or differentiated
 very high barriers to entry into the industry
 possible long run economic profits
 firms exhibit a mutual interdependence--their pricing and output decisions affect the decisions and market share of each of the other firms
 difficulty determining the profit-maximizing price and output levels

Answer to Question 2

C


lak

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Inheritance of Coat Color in Rabbits Inheritance of Coat Color in Rabbits
Deimos in color on February 21, 2009 by the same (not to scale) Deimos in color on February 21, 2009 by the same (not to scale)
Question 37 Part 2 Question 37 Part 2
Economics question Economics question
Economic practice question Economic practice question
Eye Color Variation Eye Color Variation
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library