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

Author Question: In an oligopoly market with a dominant firm and a competitive fringe, if market demand is _____, the ... (Read 56 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
In an oligopoly market with a dominant firm and a competitive fringe, if market demand is _____, the market price will be low and the _____ profit will be small.
 a. less elastic; fringe's
  b. less elastic; dominant firm's
  c. more elastic; fringe's
  d. more elastic; dominant firm's

Question 2

The price charged by a monopolist is the point on the demand curve that corresponds to the output where marginal revenue equals marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

True


lidoalex

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Wow, this really help

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Dominant interactions between hemoglobin subunits Dominant interactions between hemoglobin subunits
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Iraqi market Iraqi market
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library