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

Author Question: Product differentiation complicates the study of oligopolies because such markets may not a. be ... (Read 79 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
Product differentiation complicates the study of oligopolies because such markets may not
 a. be efficient.
  b. have prices equal to marginal cost.
  c. have free entry and exit.
  d. obey the law of one price.

Question 2

In a Cournot equilibrium, each firm chooses an output level that
 a. maximizes joint profits.
  b. maximizes the price received.
  c. maximizes profits given what the other firm produces.
  d. maximizes revenue given what the other firm produces.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macmac

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


james

  • Member
  • Posts: 573
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Gaser and Schlaug's study of the size of visual, motor, and auditory nuclei in the brains of mu Gaser and Schlaug's study of the size of visual, motor, and auditory nuclei in the brains of mu
Two behavioral paradigms that are used extensively in the study of the neural mechanisms of ... Two behavioral paradigms that are used extensively in the study of the neural mechanisms of ...
Do you know how many calories are in your chips-and-soda “study snack”? Do you know how many calories are in your chips-and-soda “study snack”?
These findings are from Colby and Kohlberg's long-term longitudinal study These findings are from Colby and Kohlberg's long-term longitudinal study
Ramey's study, children from poverty-level families IQ experiment Ramey's study, children from poverty-level families IQ experiment
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: The Nerve Impulse

For a complete list of videos, visit our video library