Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Oligopoly is a market structure that can foster either competition or cooperation behavior and generally is correlated to higher profit rates. Economists would rate this market structure based on performance as

  1. Poor because firms will invariably collude to raise price.
  2. Mixed in that firms can take advantage of economies of scale and thus lower production costs and have better records for technological innovation, but earn economic profits which leads to higher prices and lower output levels for consumers.
  3. Excellent because firms' high profits benefit shareholders who are also consumers, so all of society benefits.
  4.  Economists do not make such judgments on performance because it is a value judgment.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92576078
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

If a fair coin is tossed five times what is the probability

If a fair coin is tossed five times, what is the probability of tossing exactly three heads?

What p-value was found when determining whether there is a

What P-value was found when determining whether there is a difference in the IQ of girls and boys in problem 6? Should you reject the null hypothesis? 1. P-Value = 0.465. Yes, you should reject the null hypothesis which ...

The length of time a person takes to decide which shoes to

The length of time a person takes to decide which shoes to purchase is normally distributed with a mean of 8.21 minutes and a standard deviation of 1.90. Find the probability that a randomly selected individual will take ...

Bowman corp pays a constant 1440 dividend on its stock the

Bowman Corp. pays a constant $14.40 dividend on its stock. The company will maintain this dividend for the next six years and will then cease paying dividends forever. Required:  If the required return on this stock is 1 ...

Calculating this answer for my statistics classa hockey

Calculating this answer for my Statistics class: A hockey team conceded 18 goals on average per season. What is the probability that the team concedes 10 goals?  This was my answer and it was incorrect, so I want to know ...

With a die being rolled the set of equally likely outcomes

With a die being rolled. The set of equally likely outcomes is? {1, 2? 3, 4? 5, 6}. Find the probability of getting a 10.

Initial outlay is 16853year 1 5625year 2 5504year 3

Initial outlay is $16,853 Year 1 $5,625 Year 2 $5,504 Year 3 $5,892 Year 4 $8,851 What is the discounted payback period? The discount rate is 10%...Round answer to two decimal points

Consider a normally distributed set of scores with a mean

Consider a normally distributed set of scores with a mean of 0 and a standard deviation of 5. If a value of 3.25 is sampled from this distribution, what is the corresponding z-score? If necessary, round your answer to tw ...

A manufacture makes makes two models of an item model 1

A manufacture makes makes two models of an item. Model 1 which accounts for 89% of unit sales, and model 2, which accounts for 11% of unit sales. Because of defects the manufacture has to replace (or exchange) 11% of its ...

A study shows that 81 of the population of all calculus

A study shows that 81% of the population of all calculus students consider calculus an exciting subject. Suppose 34 students are independently selected from the population. If the true percentage is really 81%, find the ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As