Ask Question
BusinessBusiness
3 November, 14:24

In markets characterized by oligopoly,

a. collective profits are always lower with cartel arrangements than they are without cartel arrangements.

b. the oligopolists earn the highest profit when they cooperate and behave like a monopolist.

c. collusive agreements will always prevail.

d. pursuit of self-interest by profit-maximizing firms always maximizes collective profits in the market.

+2
Answers (1)
  1. 3 November, 14:34
    0
    In markets characterized by oligopoly, B) the oligopolists earn the highest profit when they cooperate and behave like a monopolist.

    Explanation:

    Oligopoly markets are those markets in which there are two or more businesses that have no direct competition with each other in the marketplace. Only these few businesses dominate the whole market. Businesses or their owners in these types of markets are known as oligopolists. To get high profits in Oligopoly influenced markets, the oligopolists act like monopolists, which means that they cooperate and become the leaders in their specialties to gain more profits in the market collectively.

    Therefore, alternative B is correct.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In markets characterized by oligopoly, a. collective profits are always lower with cartel arrangements than they are without cartel ...” 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
In terms of workplace diversity, the new millenium has witnessed increased focus on
Answers (1)
In which of the following instances is the effect on equilibrium price (whether it rises, falls, or remains unchanged) dependent on the magnitude of the shifts in supply and demand?
Answers (1)
By the early 2000s, which country was Taiwan's third-largest trading partner? A. South Korea B. Japan C. United States D. China
Answers (1)
If a new home can be constructed for 120,000 what is the opportunity cost of federal defense spending assume a defense budget of 700 billion
Answers (1)
You are setting up a part-time business with an initial investment of $21,000. The unit cost of the product is $11.20, and the selling price is $18.70. (a) Find equations for the total cost C (in dollars) and total revenue R (in dollars) for x units.
Answers (1)
New Questions in Business
Macrosoft Company reports net income of $65,000. The accounting records reveal depreciation expense of $80,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $60,000, $12,000, and $18,000, respectively.
No Answers
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.00%. What percentage of its earnings does Hornberger plow back into the firm?
Answers (1)
A tip of $10 is best for which kind of service? A. a mover who delivers furniture to your new home B. a valet who parks your car at a restaurant C. a waiter at a fast-food restaurant
Answers (2)
Sunland Company manufactures and sells high-priced motorcycles. The Engine Division produces and sells engines to other motorcycle companies and internally to the Production Division.
Answers (1)
Adamson Company manufactures four lines of garden tools. As a result of an activity analysis, the accounting department has identified eight activity cost pools.
Answers (1)
Home » Business » In markets characterized by oligopoly, a. collective profits are always lower with cartel arrangements than they are without cartel arrangements. b. the oligopolists earn the highest profit when they cooperate and behave like a monopolist. c.
Sign Up Forgot Password?