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Author Question: If the industry is an oligopoly, the price charged and the quantity produced would be the same as if ... (Read 52 times)

sabina

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on: May 25, 2020

Question 1

The following diagram shows an industry that operates as a cartel.



At what industry output and price will the cartel maximise profits?
◦ P3, Q1
◦ P2, Q2
◦ P1, Q1
◦ P2, Q1

Question 2

If the industry is an oligopoly, the price charged and the quantity produced would be the same as if the industry was a monopoly if
◦ the oligopolists collude.
◦ one of the oligopolists acts as a dominant price leader.
◦ each oligopolist faces a kinked demand curve.
◦ there is cosmetic price leadership.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by sabina on May 25, 2020

frogdreck123456

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sabina

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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