Ask Question
BusinessBusiness
6 June, 00:04

Firms in oligopolistic markets tend to

+5
Answers (1)
  1. 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.
Know the 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
Suppose a competitive firm has cost, C = (0.002q3 ) + (22q) + 750, marginal cost, MC = 0.006q2 + 22, and revenue, R = 80q. If the firm produces 150 units of output, A. R <C. B. MR 0. D. MR > MC. At this output level (150 units), A.
Answers (1)
Midyear on july 31st, the digby corporation's balance sheet reported: total liabilities of $51.391 million total common stock of $2.540 million cash of $4.020 million retained earnings of $18.432 million.
Answers (1)
Primo Industries collected $105,000 from customers in 2014. Of the amount collected, $25,000 was from services performed in 2013. In addition, Primo performed services worth $40,000 in 2014, which will not be collected until 2015.
Answers (1)
Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees? (a). Layoff b) Streamlining c) Downsizing d) Rightsizing
Answers (1)
What is the concept that businesses use to earn income
Answers (2)
New Questions in Business
Which statement describes the equity‑efficiency trade‑off? There is always a more equitable outcome that is also more efficient. Government intervention can increase efficiency in a market. The least efficient economic outcome is the fairest outcome.
Answers (1)
You would like to buy shares of Nokia (NOK). The current bid and ask quotes are $20.13 and $20.15, respectively. You place a market buy-order for 300 shares that executes at these quoted prices. How much money did it cost to buy these shares?
Answers (1)
Should the law allow someone that becomes voluntarily incapacitated through intoxication or other means escape from a contractual obligation using incapacity as a defense?
Answers (1)
Price per Ticket Quantity Demanded $13 1,000 11 2,000 9 3,000 7 4,000 5 5,000 3 6,000 Refer to the information and assume the stadium capacity is 5,000.
Answers (1)
Carol Bates, a young, dynamic, and affluent banker, likes to shop online and try out new products. She likes to keep herself updated about the latest products introduced in the market.
Answers (1)
Home » Business » Firms in oligopolistic markets tend to
Sign Up Forgot Password?