Purely competitive or monopolies or oligopolists firms

Compared to either purely competitive firms or oligopolists, monopolies are: (w) more probable to consider the possible reactions of other firms. (x) oblivious to the actions of other firms. (y) less likely to engage into nonprice competition. (z) likely to make more than the socially optimal amount of output.

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Microeconomics

Q : Students Rail Fares-Bransons good deed

‘Are rail companies being sympathetic to students in providing cheaper fares with young person’s rail-cards?’

Q : Principles of Macroeconomics Questions

(a) Explain the relationship between full employment of resources and full production. (b) Look at the following production possibilities curve illustrating the possibilities in Sluggerville for producing bats and/or p

Q : Problem on utilitarian philosophy Can

Can someone help me in finding out the right answer from the given options. The utilitarian philosophy didn’t depend on the supposition that: (i) The greatest good for greatest number is the finest social goal. (ii) Individual utilities can be summed up to measu

Q : Labor Contracts-Check-off Provisions

Can someone help me in finding out the right answer from the given options. The check-off provision stated as: (1) Was outlawed by Taft Hartley Act. (2) Is illegal in the union shops. (3) Simplifies the union dues collection. (4) Differentiates union shops from the ag

Q : Influence of subsidy on good Assume

Assume that the market for a good is initially in equilibrium, and then the govt. places a subsidy on good. The probable result would be: (i) Raised production and purchases of good. (ii) That buyers would pay big prices for the good. (iii) Extended scarcity of the go

Q : Normal accounting profits I have a

I have a problem in economics on Normal accounting profits. Please help me in the following question. The normal accounting profits are considered by the economists to be: (i) Exploitation of the consumer. (ii) Evidence of monopoly power. (iii) Economic costs of the p

Q : Illustrate the meaning of deflationary

Meaning of deflationary Gap: This is the gap among excess of aggregate supply over the aggregate demand at complete employment level.

Q : Price inelasticity of supply The price

The price elasticity of supply is zero therefore supply is perfectly price inelastic within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Q : Evidence for Diminishing Marginal

Evidence that may potentially be cited as conflicting with the law of diminishing marginal utility would comprise: (i) Della’s enthusiasm for all-you-can-eat buffet diminishes subsequent to her fifth plate of lasagna. (ii) Jethro trades in his 1981 Gremlin on th

Q : Effects of average production costs on

The economies of scale exist whenever average production costs: (1) Increase as the level of output increases. (2) Drop as the level of output increases. (3) Stay similar as the level of output increases. (4) Drop as the level of output drops.

Discover Q & A

Leading Solution Library

Avail More Than 1439471 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1935632
Asked

3,689

Active Tutors

1439471

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment