« previous next »

Author Question: Firms in an oligopoly are said to be interdependent. What does this mean? What will be an ideal ... (Read 79 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jun 29, 2018
Firms in an oligopoly are said to be interdependent. What does this mean?
 
  What will be an ideal response?

Question 2

Which of the following costs will not change as output changes?
 
  A) total variable cost
  B) total fixed cost
  C) average variable cost
  D) average fixed cost
  E) marginal cost
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

Interdependence among firms means that the decisions and business strategies of each firm have a significant impact on the decisions, strategies, and profits of the other firms in the oligopoly industry.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

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
Cultures Ideal Body Types Cultures Ideal Body Types
The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
Competitive firms and maximization Competitive firms and maximization
Competitive firms and maximization Competitive firms and maximization
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library