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

Author Question: Unlike perfectly competitive and monopolistically competitive firms, oligopolistic firms (Read 42 times)

xman15.

  • Full Member
  • ***
  • Posts: 155
on: Oct 12, 2022

Question 1

Oligopolistic firms make decisions after taking into account the expected reaction of their competitors. In doing this, oligopolists are exhibiting
◦ strategic behaviour.
◦ collusive behaviour.
◦ cooperative behaviour.
◦ non-cooperative behaviour.
◦ non-strategic behaviour.

Question 2

Unlike perfectly competitive and monopolistically competitive firms, oligopolistic firms
◦ always make positive profits.
◦ always have differentiated products.
◦ earn zero profits in the long run.
◦ operate where MR = MC.
◦ take account of the likely reactions of their competitors to their actions.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by xman15. on Oct 12, 2022

avelasquez

  • Full Member
  • ***
  • Posts: 168
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


xman15.

  • Member
  • Posts: 155
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Non-competitive inhibition Non-competitive inhibition
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Unlike this beautiful ant, we humans are not controlled by instincts. Sociobiologists, though, are ... Unlike this beautiful ant, we humans are not controlled by instincts. Sociobiologists, though, are ...
Wives and husbands are equally as likely to initiate violence, but unlike this photo, wives are more ... Wives and husbands are equally as likely to initiate violence, but unlike this photo, wives are more ...
Project Management: Achieving Competitive Advantage Project Management: Achieving Competitive Advantage
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library