34) Which cannot be a characteristic of an oligopolistic industry? A) differentiated products B) a large number of consumers C) significant barriers to entry D) a perfectly elastic firm demand curve
Q: If, i=10 Given the cash flows, find: (a) PO, (b) F6, (c) A 100+ 80+ 90 O+ 1+ 2+ 3+ 4+ 5+ 6+
A: Given Rate of interest = 10% We have to calculate the present value of the given cash flow, then…
Q: Suppose there is an increase in the oil price in the United States. Which of the monetary policies…
A: Federal reserve is the central bank of United States which is responsible of flow of money into the…
Q: Multiple Choice Adverse selection describes a situation where an individual's demand for insurance…
A: In a market, there are various activities that results in market failure, such that externality,…
Q: The table below depicts the revenue for the only restaurant in a small rural town. It costs the…
A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…
Q: Demand: P 160 - 0.02 Q Supply: P= 60 + 0.03 Q Given the following: a) Find the initial equilibrium.…
A: The elasticity of demand, or demand elasticity, refers to how sensitive demand for a good is…
Q: Asymmetric information in the loan market is a potential problem usually resulting from __________.…
A: Asymmetric information is a situation that arises when one party is more information than another…
Q: 1. What relationship does the income expenditure model represent? Why is it used?
A: Pay and Expenditure Model. The pay consumption model of financial aspects was created by John…
Q: If the price of the product sells for $1 and the Wage about the workers this firm is hiring?…
A: TP is the total product produced by the using labour input where capital is constant. TP initially…
Q: PRICE (Dollars per quart) Short-run Subply Demand Short-run Supply Short-run Equilbrium Demand…
A: The curve that depicts various quantities of goods and services being demanded at various price…
Q: Consider two neighboring island countries called Dolorium and Arcadia. They each have 4 million…
A: Introduction Two countries: Dolorium and Arcadia has produces corn and jeans. Table of production of…
Q: Suppose the inverse demand curve on ore is given by P = 72 - 0.44 Q. Ore can be either mined or…
A: Here the total quantity come from mining (q1) and recycling (q2) . We need to find first total…
Q: s of $8, $10, and $12 per barrel of oil. Assume there are no tional user costs. Assume that each…
A: The market cost is the current cost at which a resource or administration can be traded. The market…
Q: Provide a brief explanation on how the South African economic growth had been performing since 2000.…
A: South Africa's political transformation is regarded as one of the century's most stunning political…
Q: Which of the following scenarios does not illustrate a long-run adjustment? BMW builds a new…
A: The long run is a time when firms can change fixed inputs like plants, also new firms can enter the…
Q: One way to maintain exclusivity for a brand is to raise its price. That’s what luxury fashion and…
A: Given: Prices are raised by = 10% Total revenue = $13.3 billion Sales = $8 billion Company's…
Q: a. Theimerest ate L Hosehod suings e. Wages asming heis produtin)
A: According to Ricardian equivalence, funding government expenditure via current taxes or future taxes…
Q: At a time when demand for ready-to-eat cereal was stagnant, a spokesperson for the cereal maker…
A: When businesses or individuals work together to manipulate a market or price for their personal…
Q: explain the different challenges of the global cities
A: Global cities of present times are surrounded by many challenges in employment, education, etc.
Q: What is meant by Prime interest rate?
A: Prime Interest Rate is the interest rate which is determined by the federal funds rate.
Q: expects to earn $25K next year. Before the virus, the demand and supply for Good A is D1 and Są. If…
A: Buyers will demand less of an economic good at higher prices, according to the law of demand.…
Q: If the federal funds rate were above the level the Federal Reserve had targeted, the Fed could move…
A: The federal funds interest rate is the amount that banks charge other banks for overnight loans of…
Q: Before the virus, Henry is employed as a waiter, he is on the blue budget line and chooses to work…
A: It is said that initially Henry is at blue budget line and working as a full time waiter. This…
Q: Asymmetric information in the loan market is a potential problem usually resulting from __________.…
A: Asymmetric information is a situation in which one party possesses more information than another…
Q: Before the virus hits, the Good A market is on D1 and S1. The market price is P1. Suppose the income…
A:
Q: Who prepares and passes the federal budget?
A: The United States federal budget involves the spending and incomes of the U.S. national government.…
Q: How can we conserve natural resources and sustain our environment?
A: Though natural resources are available in free but they also tend to finish.
Q: Westerlands and Crownlands are two countries that trade with each other and no other countries.…
A: Monetary Policy: It is the policy of the central bank through which it monitors the money supply in…
Q: John Jones carries a Homeowners Policy on his dwelling, with Easy Money Mortgage Company listed as a…
A: PLEASE FIND THE ANSWER BELOW. LIABILITY: A liability is something a person or company owes,…
Q: Suppose a monopolist produces in two different plants and sells them in the same Suppose further…
A: Multiplant monopoly: A monopolist produces in two different plants and sells them in the same…
Q: Explain how herd immunity of vaccinations creates a market inefficiency and how the government could…
A: When one person's activitie's outcome affects another person's wellbeing then it is called…
Q: Identify whether the following schenarios describe positive or negative externalites or neither. A.…
A: Externality can be of 2 types: positive externality and negative externality depending upon their…
Q: As for a payment balance, Japan has $ 87 billion in the current account, $(-90) billion in the…
A: International reserves are reserves national banks exchange with one another on an international…
Q: The most valuable tool for understanding demographic changes in America is ________. Explain your…
A: Demographic changes means the change in population composition be it birth rate, life expectancy,…
Q: Which of the following is a TRUE statement about arguments for and against requiring a balanced…
A: When talking about balanced budget, it is the situation when government is spending exactly the same…
Q: Define recession.
A: Recession is one of the phase of the business cycle.
Q: Discuss the fuel tax increase impact on the economic growth of S.A
A: Increase in fuel tax will decrease the domestic demand in South Africa which decrease the domestic…
Q: government decides to introduce an expenditure-switching measure to reduce a balance of trade…
A: Expenditure switching policy refers to the change the goods that are bought by consumers. Such…
Q: Asymmetric information in the loan market is a potential problem usually resulting from __________.…
A: Adverse selection refers to a market failure when one party has more information than the other. It…
Q: Solve the Nash equilibrium for the following game (P1,P2) L R (2,7) (3, 1) T (2,4) (4, 6) O (T,R) O…
A: Nash equilibrium is a strategy under which no player has any incentive to deviate.
Q: The production function shows the relationship between Oa potential and real GDP. Ob. inflation and…
A: The production function shows the relationship between physical inputs and output. The production…
Q: 42 – 5Q – Q² for a product 1. Consider the demand function P = called Q. Find the consumers' surplus…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Suppose interest rate in Malaysia (home country) is 3% and in United States it is 2%, whereas the…
A: The interest rate in Malaysia (home country) is 3% and in United States it is 2%, whereas the spot…
Q: 1. For parts a, b and c refer to a good for which the supply and demand equations are given by: Qa =…
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only…
Q: rom March 2003 until October 2007 the S & P stock index, a broad measure of stock market prices,…
A: The interest rate impacts inflation by implication by means of homegrown interest for labour and…
Q: what are the socialism and communism systems?
A: Socialism and communism are economic systems.
Q: A/an election is one in which candidates run as individuals, without any party affiliation. Select…
A: Election is a process in which the general public vote for the position of official or political job…
Q: The government may regulate natural monopolies because O A. the government needs to ensure…
A: A monopoly is a market structure in which there is only one seller in the market. A natural…
Q: 3. Consider the economy of Sandersonia. The population of Sandersonia is 100 people. Of the…
A: Answer - Labor Force :- It is the no. of people of a population who are working and actively…
Q: A monopoly can use one of two alternative technologies. One technology requires 10 units of capital…
A: Monopolies are businesses that have complete control of an industry or a specialised sector to the…
Q: At one time Mattel proposed acquiring Fisher-Price for $1.2 billion. At the time, Mattel was a major…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A firm in an oligopolistic industry has the following demand and total cost equations: P = 600 - 20Q TC = 700 + 160Q + 15Q*2 Calculate: a. quantity at which profit is maximized b. maximum profit c. quantity at which revenue is maximized d. maximum revenue e. maximum quantity at which profit will be at least $580 f. maximum revenue at which profit will be at least $580In comparing an oligopolistic firm to a perfectly competitive firm it is generally assumed that the price charged by the competitive firm will be higher than the price charged by the oligopolistic firm. True or False (Explain)-------- occurs when price and quantity fixing agreements amoung producers are uncleared a)tacit collusion b) monopolistic competition c) oligopoly d)strategic collusion
- WataDine is one of a city’s many restaurants that serve lunch and dinner in a monopolistically competitive market. Assume WataDine, as a typical restaurant in the city, is currently producing the profit-maximizing output level, and earns positive short-run economic profit. (a) How is monopolistic competition similar to each of the following market structures? (i) Perfect competition (ii) Monopoly (b) WataDine is currently earning short-run economic profits. Draw a correctly labeled graph for WataDine in short-run equilibrium and show each of the following. (i) The profit-maximizing quantity, labeled QM (ii) The profit-maximizing price, labeled PM (c) Given that WataDine is currently earning short-run economic profits, what will happen to each of the following in the long run? (i) WataDine's economic profit. Explain. (ii) WataDine's demand curve for its restaurant meals. (d) Assume WataDine is in long-run equilibrium. (i) Is WataDine taking advantage of its economies of scale? Explain.…Q) Is there any deadweight loss associated with monopolistically competitive market structure? Why or why not? Please explain this using a diagram.WataDine is one of a city’s many restaurants that serve breakfast, lunch, and dinner in a monopolistically competitive market. Assume that WataDine, as a restaurant in the city, is currently producing the profit-maximizing output level, and earns positive short-run economic profit. (a) How is monopolistic competition similar to each of the following market structures? (i) Perfect competition (ii) Monopoly (b) WataDine is currently earning short-run economic profits. Draw a correctly labeled graph for WataDine in short-run equilibrium and show each of the following. (i) The profit-maximizing quantity, labeled Qm (ii) The profit-maximizing price, labeled Pm (c) Given that WataDine is currently earning short-run economic profits, what will happen to each of the following in the long run? (i) WataDine's economic profit. Explain. (ii) WataDine's demand curve for its restaurant meals. (d) Assume WataDine is in long-run equilibrium. (i) Is WataDine taking advantage of its economies of scale?…
- Which of the following of goods is most likely to be sold in an oligopolistic market? smart phones wines soybeans winter glovesConsider a monopolistically competitive industry where firms differ in productivity levels. When the industry opens to international trade, transportation and other transaction costs may determine which firms will remain exclusively in the local market and which firms will become exporters.a) True or False?b) Explain with the support of a graph.If new firms enter a monopolistically competitive industry, an individual firm's demand curve will ---- (increase/decrease). A/
- Question 43: In oligopolistic markets, explain the price rigidity using the kinked demand curve.There are two groups of firms below. Group 1: firms in the retail sector (e.g. Amazon; Wal-Mart; Target; Kohl's; Sears; Macy's) Group 2: firms in the wireless services industry (e.g. Verizon; AT & T; Sprint/T-Mobile) (this about telecommunication services, not about the sale of phones) For each group determine and explain if the group is monopolistic competitive or an oligopoly. You need to specific for both in which market structure the firms operate) Then choose one of the firms from one group. Using a Porter's analysis what are the threat to profitability?(a) Consider a monopoly trading firm that dominates a particular market. Describe the factors that contribute to the monopoly's ability to control prices and generate profits and as such discuss its short run and long run profit situation. Use relevant diagrams to support your answer.(b) Suppose more firms are interested in joining the market and over the years, the market structure is characterised by monopolistic competition. Discuss the implication on the firm's short-run and long run profits. Use relevant diagrams to support your answer.
