1 which would be most characteristic of oligopolya easy, Ask an Expert

Economics

1. Which would be most characteristic of oligopoly?

a. easy entry into the industry

b. many large producers

c. product standardization

d. mutual interdependence

2. Under monopolistic competition entry to the industry is:

a. completely free of barriers.

b. more difficult than under perfect competition but not nearly as difficult as under monopoly.

c. more difficult than under monopoly.

d. blocked.

3. Oligopolistic industries are characterized by:

a. a few dominant firms and substantial entry barriers.

b. a few dominant firms and no barriers to entry.

c. a large number of firms and low entry barriers.

d. a few dominant firms and low entry barriers.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91950558

Have any Question?Write your Review or question?

Related Questions in Business Economics

A 600 investment has the following payoff frequency a

A $600 investment has the following payoff frequency: a quarter of the time it will be $0; three quarters of the time it will pay off $1000. Its standard deviation and value at risk respectively are(show work).

When we look at the ease to enter the different market

When we look at the ease to enter the different market structure, there is no doubt that 'monopoly' is the hardest. Why? -- There is only ONE firm that has established 'economies of scale' with the production of their go ...

A grocery store rewards card has a 7 digit number to

A grocery store rewards card has a 7 digit number to identify the user. The first digit must be 1 or 2. The remaining six digits take values randomly between 0 - 9 inclusively. What is the probability that the ID number ...

In families with four children youre interested in the

In families with four children, you're interested in the probabilities for the different possible numbers of girls in a family. Using theoretical probability (assume girls and boys are equally likely), compile a five-col ...

Eggsincnbspreported earnings available to common stock

Eggs,Inc. reported earnings available to common stock of $4200000 last year. From these earnings, the company paid a dividend of $1.26 on each of its 1000000 common shares outstanding. The capital structure of the compan ...

I define the parameter of interest in the context of the

(i) Define the parameter of interest in the context of the problem (ii) State the alternative hypothesis. (iii) State the distribution used to calculate the P-value (not the formula, but the distribution, eg. t distribut ...

In an inquiry into the nature and causes of the wealth of

In an inquiry into the nature and causes of the wealth of nations, Adam Smith listed three reasons for productivity to increase with specialization. What are these three reasons?

Find the probability that 4 randomly selected people all

Find the probability that 4 randomly selected people all have the same birthday, given that all of them were born in September. Ignore leap years.

In the summer of 2013 walt disney released the lone ranger

In the summer of 2013, Walt Disney released The Lone Ranger, starring Johnny Depp and produced by Jerry Bruckheimer. The film bombed at the box office: Worldwide, it earned about $245 million in revenue, well below the $ ...

A sample of n 4 individuals is selected from a normal

A sample of N = 4 individuals is selected from a normal population with μ = 70 and σ = 10. A treatment is administered in the sample, and after the treatment, the sample mean is found to be = 75. a. On the basis of the s ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert