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

Author Question: What are the characteristics of an oligopoly?[br][br][b][color=#151B54]Question ... (Read 70 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
What are the characteristics of an oligopoly?

Question 2

Which of the following must be true if average total cost is rising?
 a. Average fixed cost must be rising.
  b. Total fixed cost must be rising.
  c. Average variable cost must be falling.
  d. Marginal cost must be greater than average total cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zoeyesther

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

An oligopoly market is characterized by a few dominant firms selling either a standardized or differentiated product. An oligopoly is also characterized by mutual interdependence and has strong barriers to entry keeping potential competitors out of the market.

Answer to Question 2

d


hubes95

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

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?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Temperature and Color Temperature and Color
A color-enhanced MRI image of the skull. A color-enhanced MRI image of the skull.
Stock Market Question Stock Market Question
Functions application question Functions application question
Representative pedigrees for two characteristics, each followed through three generations Representative pedigrees for two characteristics, each followed through three generations
Question 37 Part 2 Question 37 Part 2
Video: Central Nervous System Animation

For a complete list of videos, visit our video library