--%>
Assignment Help - homework help

Illustrates the characteristics of Oligopoly

Illustrates the characteristics of Oligopoly?

E

Expert

Verified

Oligopoly:

It is a distinct market condition. This has the given features as follows:

  • There is an component of Monopoly
  • Advertising must be effective.
  • The firms are interring dependent for decision making.
  • Firms must have group behavior.
  • The number of producers or firms or sellers is extremely small.
  • Indeterminateness of demand curve.
  • Product is the same or closes substitutes to each other.

 

   Related Questions in Managerial Economics

  • Q : Illustrates the term Dumping

    Illustrates the term Dumping?

    		•
  • Q : Production of food-and-clothing economy

    In an entirely employed food-and-clothing economy, continual equivalent reductions in food output generally will make it: (1) Essential to decrease clothing output uniformly. (2) Probable to generate successively bigger increases in clothing output. (

    		•
  • Q : What are the important areas of

    What are the important areas of decision making?

    		•
  • Q : Welfare definition of economics Explain

    Explain the welfare definition of economics? Why is it criticized?

    		•
  • Q : Explain opinion of Stonier and Hague

    Illustrates the opinion of Stonier and Hague for explaining Demand in economics?

    		•
  • Q : Illustrates the criteria for good

    Illustrates the criteria for good forecasting method?

    		•
  • Q : Illustrate signalling by example If

    If interviewing for a job like a bill collector for a loan shark, Bob mentions his degree into martial arts by the Hard Knox Reformatory, his summer internship along with BreakUrLegs, Inc., as well as his family links. Bob’s casual discussion of such credentials

    		•
  • Q : Determined equilibrium wage from the

    Within a purely competitive labor market, there the firm: (w) sets the wage that the household should accept. (x) should accept the wage demanded by the household. (y) and household arrive at the wage by bargaining. (z) and household should take the e

    		•
  • Q : Merits and demerits of Scarcity

    What are the merits and demerits of Scarcity Definition of economics?

    		•
  • Q : Maximizes profits of firm in a

    Refer to below figure. What is the amount of profit when the firm generates Q2units: w) this is equal to the vertical distance c to g. x) this is equal to the vertical distance c to Q2. y)  this is equal to the vertical distance g to Q2

    		•