Sign In
Ask Question
Jocelynn Santiago
Business
6 June, 00:04
Firms in oligopolistic markets tend to
+5
Answers (
1
)
Rebekah
6 June, 00:12
0
Answer: Firms in oligopolistic market tend to be interdependent.
Explanation: Oligopoly is a market structure in which a few firms tend to dominate the market. The actions of these firms are interdependent. The kinked shaped demand curve faced by the firms in an oligopoly shows that firms are interdependent on each other. In other words, they must take into account actions of their competitors when making their best production and pricing decisions.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“Firms in oligopolistic markets tend to ...”
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
Lynwood, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver.
Answers (1)
Suppose that the demand and price for a wrist watch are related by the following equation: p = D (q) = 28 - 2.25 where p is the price (in dollars) and q is the quantity demanded (in hundreds). a. Find the price when the demand is 0 watches. b.
Answers (1)
If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be: a. a $3,333 increase in required reserves and an $425 increase in excess reserves. be.
Answers (1)
At 12 weeks' gestation, a client who is Rh negative expels the total products of conception. What is the nursing action after it has been determined that she has not been previously sensitized?
Answers (1)
What is the general relationship between the business cycle and unemployment and inflation? A. During a recession, unemployment and inflation increase. B. During an expansion, unemployment and inflation increase. C.
Answers (1)
New Questions in Business
9) Consider the following four alternatives: 1. $132 received in two years. 2. $160 received in five years. 3. $200 received in eight years. 4. $220 received in ten years.
Answers (1)
The Daily News had net income of $121,600, of which, 40% was distributed to the shareholders as dividends. During the year, the company sold $75,000 worth of common stock.
Answers (1)
Ruth Company showed the following balances at the end of its first year. Cash $7000 Prepaid Insurance $700 Accounts Receivable $3500 Accounts Payable $2800 Notes Payable $4200 Denton Capital $1400 Denton Drawing $700 Revenues $21000 Expenses $17500
Answers (1)
A bank sent out questionnaires to a simple random sample of customers asking whether they would like the bank to extend its hours. Eighty percent of those returning the questionnaire said they would like the bank to extend its hours.
Answers (1)
Independence Corporation reported beginning and ending total assets of $ 18 comma 000 and $ 28 comma 000 , respectively. Its net sales for the year were $ 21 comma 850. What was Independence 's asset turnover ratio?
Answers (1)
Home
»
Business
» Firms in oligopolistic markets tend to
Sign In
Sign Up
Forgot Password?