Ask Question
BusinessBusiness
23 May, 01:14

there are many different models of oligopoly because: beliefs are not incorporated in oligopolistic competition and oligopoly is the most complicated type of market structure. oligopoly is the most complicated type of market structure. beliefs are not incorporated in oligopolistic competition. firms do not maximize profits in oligopolistic competition.

+4
Answers (1)
  1. 23 May, 01:32
    0
    Beliefs play an important role in oligopolistic competition and oligopoly is the most complicated type of market structure

    Explanation:

    When the small or large group of sellers combine and form a market with mutual proceedings, oligopolies are formed. It is formed to reduce the competition among the sellers. This leads to a rise in the price for the consumers as all the sellers agree on the same plan.

    One of the characteristics of Oligopolies is mutual inter-dependency. All firms have beliefs and are interdependent. The decisions like pricing, output, and advertising are all decided upon by the other firms.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “there are many different models of oligopoly because: beliefs are not incorporated in oligopolistic competition and oligopoly is the most ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each alternative are listed below: Alternative A Alternative B Projected revenue $ 125,000 $ 150,000 Unit-level costs 25,000 36,000
Answers (1)
Journalizing Partner's Original Investment Austin Fisher contributed land, inventory, and $34,000 cash to a partnership. The land had a book value of $84,000 and a market value of $162,000.
Answers (1)
Refer to table 17-14. which outcome is the nash equilibrium in this game?
Answers (1)
In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five years or so, then find the "terminal" stock price using a benchmark PE ratio. Suppose a company just paid a dividend of $1.
Answers (2)
No pmbok consta que um projeto com qualidade é aquele concluído em conformidade com requisitos e especificações e adequações de uso o processo geralmente de qualidade envolve três etapas quais são as três etapas?
Answers (1)
New Questions in Business
The following information is available for Splish Brothers Corp. for the year ended December 31, 2022.
Answers (1)
Which of the following is true regarding internal customers of an organization? They buy products or services for their own personal use. They receive goods or services from someone within the organization.
No Answers
Most businesses periodically remove bad accounts from their books true or false
Answers (1)
A consulting firm has a predetermined overhead rate of $120 per labor hour. The Smith job required 5 hours to compete. The overhead cost applied to this job is $
Answers (1)
Loren and Kendra enter into a contract for the distribution of Loren's produce to local restaurants for which he agrees to pay Kendra. Kendra transfers her right to payment under the contract to County Bank. This transfer is a. an alienation b.
Answers (1)
Home » Business » there are many different models of oligopoly because: beliefs are not incorporated in oligopolistic competition and oligopoly is the most complicated type of market structure. oligopoly is the most complicated type of market structure.
Sign Up Forgot Password?