Equilibrium quantity in markets characterized by oligopoly, Ask an Expert

Economics

Equilibrium quantity in markets characterized by oligopoly are

a. higher than in monopoly markets and higher than in perfectly competitive markets.
b. higher than in monopoly markets and lower than in perfectly competitive markets.
c. lower than in monopoly markets and higher than in perfectly competitive markets.
c. lower than in monopoly markets and lower than in perfectly competitive markets.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M964063

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question how does the existence of money reduce the costs

Question: How does the existence of money reduce the costs of making transactions, relative to a society based entirely on barter? English is becoming the usual language for international transactions, even if the langua ...

Question - research a recent within one year article that

Question - Research a recent (within one year) article that discusses an unethical behavior or activity associated with a famous apparel or accessories brand. Discuss the article and any associated articles that disclose ...

A market is supplied competitively by 50 low- cost firms

A market is supplied competitively by 50 low- cost firms, each with cost curve C(q) = 350 + 2q+ q^2, and n high-cost firms, each with cost curve C(q) = 400 + 2q +q^2. Market demand is Q = 2500 - 10*p. If none of the high ...

Problem suppose firms cost function is cq 4q 2 16a find

Problem: Suppose firms cost function is C(q) = 4q ^2 + 16 a) Find variable cost, fixed cost, average cost, average variable cost,and average fixed cost. (Hint: Marginal cost is given by MC = 8q) b) Show the average cost, ...

Question despite airport precautions x hijacked an airplane

Question: Despite airport precautions, X hijacked an airplane in Chicago and forced the pilot, crew, and passengers to fly to New York. Upon reaching New York, X shot the pilot before giving up and surrendering to the Ne ...

Assume that the marginal utility of good x is strictly zero

Assume that the marginal utility of Good X is strictly zero but the marginal utility for Good Y is strictly positive. What is the consumer's indifference curves look like? If the prices of both goods are positive, what ...

Question if you want to have 500000 in todays dollars in

Question: If you want to have $500,000 in today's dollars in account after 10 years, how much do you need to put into this account today assuming 3% annual inflation and a 4% nominal annual bank rate compounded monthly? ...

Question in the case of the diamond duplicative mineshafts

Question: In the case of the diamond, duplicative mineshafts were a waste of economic resources, and the law makes them unprofitable. Instead of a diamond, what if a number of independent inventors are racing to be the f ...

Question you could write on any one of the following topics

Question: You could write on any one of the following topics or more than one topics. Please be reminded that while research could help for this essay, however, the most important thing is original idea. 1. Money is said ...

Question which of the following are examples of fiscal

Question: Which of the following are examples of fiscal policy, monetary policy, trade policy, regulatory policy - or some combination? (A) Increase of 30% on steel tariffs to ‘‘rescue'' the depressed steel industry. (B) ...

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 Microeconomics Expert