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Author Question: Suppose there are only five construction companies in a particular region that are each large enough ... (Read 43 times)

dekbert

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on: Oct 12, 2022

Question 1

Assume the world's largest smart-phone producers (Apple, Nokia, Samsung, etc.) operate in an oligopolistic industry. In the long run, which of the following is the most important form of competition between these firms?
◦ predatory pricing
◦ product innovation
◦ brand proliferation
◦ advertising
◦ tacit collusion

Question 2

Suppose there are only five construction companies in a particular region that are each large enough to take on large public infrastructure projects (roads, bridges, sewers, etc.). Representatives of these companies meet regularly for coffee or on the golf course and agree on which company will submit the lowest bid for a particular project. This type of firm behaviour is an example of
◦ predatory pricing, and is meant to prevent new entrance to the industry.
◦ cooperative behaviour that results in increased consumer welfare.
◦ cooperative behaviour that results in higher output and lower prices.
◦ tacit collusion, and is legal as long as output is not restricted.
◦ explicit collusion and is illegal.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dekbert on Oct 12, 2022

3ginamay

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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.
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dekbert

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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