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

Author Question: Product differentiation complicates the study of oligopolies because such markets may not a. be ... (Read 101 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
Product differentiation complicates the study of oligopolies because such markets may not
 a. be efficient.
  b. have prices equal to marginal cost.
  c. have free entry and exit.
  d. obey the law of one price.

Question 2

In a Cournot equilibrium, each firm chooses an output level that
 a. maximizes joint profits.
  b. maximizes the price received.
  c. maximizes profits given what the other firm produces.
  d. maximizes revenue given what the other firm produces.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macmac

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


james

  • Member
  • Posts: 573
Reply 2 on: Jul 1, 2018
Excellent

miss_1456@hotmail.com

  • Member
  • Posts: 289
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

The threespine stickleback (Gasterosteus aculeatus) has been used as a model organism for the study The threespine stickleback (Gasterosteus aculeatus) has been used as a model organism for the study
Group Study Group Study
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Find the two integers that have a sum of 20 and a maximum product Find the two integers that have a sum of 20 and a maximum product
The study of how traits such as flower color are passed from generation to generation provided the m The study of how traits such as flower color are passed from generation to generation provided the m
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Griffith's experiments

For a complete list of videos, visit our video library