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

Author Question: What are the characteristics of oligopoly?[br][br][b][color=#566D7E]Question ... (Read 53 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
What are the characteristics of oligopoly?

Question 2

Which of the following is an advantage of having a marketing cooperative?
 a. Sellers get a steady supply of raw materials for their produce.
  b. Buyers get a steady supply of finished products.
  c. Sellers can save resources they would have spent on marketing and instead specialize in production.
  d. Buyers face lower risks of opportunism.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 30, 2018
Answer to Question 1

The following are characteristics of oligopoly:
 relatively few firms
 products may be homogeneous or differentiated
 very high barriers to entry into the industry
 possible long run economic profits
 firms exhibit a mutual interdependence--their pricing and output decisions affect the decisions and market share of each of the other firms
 difficulty determining the profit-maximizing price and output levels

Answer to Question 2

C


lak

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
:D TYSM

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Question Question
Economics question Economics question
Genetics question Genetics question
Physics question Physics question
Position effect variegation of eye color in Drosophila Position effect variegation of eye color in Drosophila
Characteristics of Three Forms of DNA Characteristics of Three Forms of DNA
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library