--%>
Assignment Help - homework help

Demand curve of an oligopolist

The demand curve an oligopolist faces is kinked at the current price when other firms into the industry: (1) face unitary elasticity of demand at their current output levels.(2) will match any price cuts although not price hikes. (3) follow only the dominant firm's price leadership. (4) will match price increases although not price cuts. (5) have higher costs or technologically obsolete production facilities.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Equilibrium price of a quantity I have

    I have a problem in economics on Equilibrium price of a quantity. Please help me in the following question. The equilibrium price is a price at which the quantity: (1) Bought equivalents the quantity sold. (2) Demanded equivalents the quantity supplie

    		•
  • Q : Supply of labor in a perfectly

    Supply of the labor in a perfectly competitive market is: (i) An upward sloping curve. (ii) The horizontal line. (iii) Above the MRC. (iv) Beneath the MRC. Choose the right answer from the above options.

    		•
  • Q : Break-even on profit-maximizing strategy

    Robomatic Corporation would exactly break-even upon its RoboMaids when, instead of exactly identifying its profit-maximizing strategy, this: (i) operated at point i, charging only $10,000 per unit and producing 16,000 robots. (ii) pri

    		•
  • Q : Major advantages of Corporations Can

    Can someone help me in finding out the right answer from the given options. The major benefits of the corporate form of business comprise: (i) Limited liability of owners. (ii) Better access to the markets for financial capital. (iii) The corporation is not dissolved

    		•
  • Q : Marginal cost curve in market power

    Above the minimum average variable cost curve, the marginal cost curve is not the supply curve of a monopoly since, unlike purely competitive firms, firms along with market power: (w)

    		•
  • Q : Prohibition in financial intermediaries

    Financial intermediaries are not: (1) channels linking parties who want to save to parties who want to invest. (2) restricted to serving primarily large savers and investors. (3) more significant in determining the U.S. money supply than all are produ

    		•
  • Q : Equilibrium quantity and price

    Elucidate the consequence of an increase in demand of a commodity on its equilibrium quantity and price? Answer: Increase in demand causes a rightward shift in the

    		•
  • Q : Downward-sloping demand curve The law

    The law of demand is graphically demonstrated by: (1) Movement all along the supply curve. (2) The downward-sloping demand curve. (3) The rightward shift of demand curve. (4) Shifting of production possibilities. C

    		•
  • Q : Contribution Standard The concept that

    The concept that people must have income in proportion to their productivity is termed as the: (1) equality standard of distribution. (2) productivity standard of distribution. (3) needs standard of distribution. (4) utility standard

    		•
  • Q : Illustration of transaction costs You

    You are more probable to shop at a remote farmers’ market quite than buy apples at a local grocery store while: (w) possible, since produce is cheaper at the farmers’ market. (x) you would like to buy only vegetables and fruits. (y) the opportunity costs o

    		•