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Author Question: Pricing and output determination under an oligopoly is more complicated than pricing and output ... (Read 73 times)

burton19126

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on: Jun 30, 2018
Pricing and output determination under an oligopoly is more complicated than pricing and output determinations in other industries. The primary reason for the complication is the:
 a. fewness of firms.
  b. brand loyalty of consumers.
  c. powerful effect of advertising.
  d. variability of concentration ratios.
  e. mutual interdependence of firms.

Question 2

The long run is a planning period:
 a. during which the firm can vary all inputs including its plant size.
  b. less than six months.
  c. less than one year.
  d. less than five years.


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TheNamesImani

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

a


burton19126

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Reply #2 on: Jun 30, 2018
Thank you :)


TheNamesImani

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Reply #3 on: Jun 30, 2018
Happy to help you


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