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

Author Question: One key characteristic that is distinctive of an oligopoly market is that: a. the demand curve ... (Read 70 times)

Pea0909berry

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
One key characteristic that is distinctive of an oligopoly market is that:
 a. the demand curve facing each firm is downward sloping, with a marginal revenue curve that lies below the firm's demand curve.
  b. the decisions of one seller often influences the price of products, the output, and the profits of rival firms.
  c. there is only one firm that produces a product for which there are no good substitutes.
  d. there are many sellers in the market and each is small relative to the total market.

Question 2

A firm has 200 million in total revenue and explicit costs of 190 million. Suppose its owners have invested 100 million in the company at an opportunity cost of 10 percent interest rate per year. The firm's economic profit is:
 a. 400 million.
  b. 100 million.
  c. 80 million.
  d. zero.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


Pea0909berry

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
Gracias!

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Juvenile American alligator swimming, showing the distinctive yellow striping found on juveniles Juvenile American alligator swimming, showing the distinctive yellow striping found on juveniles
Titration curve for aspartic acid Titration curve for aspartic acid
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
IQ scores form what mathematicians call a normal distribution "bell curve" IQ scores form what mathematicians call a normal distribution "bell curve"
A karyogram of the human chromosome set, showing the distinctive banding pattern of each chromosome. A karyogram of the human chromosome set, showing the distinctive banding pattern of each chromosome.
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library