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

Author Question: What are the characteristics of an oligopoly?[br][br][b][color=#151B54]Question ... (Read 22 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
What are the characteristics of an oligopoly?

Question 2

Which of the following must be true if average total cost is rising?
 a. Average fixed cost must be rising.
  b. Total fixed cost must be rising.
  c. Average variable cost must be falling.
  d. Marginal cost must be greater than average total cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zoeyesther

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

An oligopoly market is characterized by a few dominant firms selling either a standardized or differentiated product. An oligopoly is also characterized by mutual interdependence and has strong barriers to entry keeping potential competitors out of the market.

Answer to Question 2

d


hubes95

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
Gracias!

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

The method of Land’s (1977) color-vision experiments. Subjects viewed Mondrians illuminated by ... The method of Land’s (1977) color-vision experiments. Subjects viewed Mondrians illuminated by ...
Exponential Growth Question Exponential Growth Question
economic question economic question
economic question economic question
economic question economic question
Boat question Boat question
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library