Define oligopoly and monopolistic competition and give an example of each.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Oligopoly is a market structure in which only a few sellers offer similar o...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Define and give an example of each of the methods of gathering survey data. Under what circumstances should researchers choose a specific approach?
-
Define and give an example of each of the following costs for a merchandising company: (a) Fixed cost (b) Variable cost (c) Mixed cost.
-
Define and give an example of each of the following revenues for a service company: (a) Fixed revenue (b) Variable revenue (c) Mixed revenue.
-
A cellphone postpaid plan costs 250 per month with unlimited calls to all networks, 150 text messages per month, and no data plan. After 150 text messages, it costs 0.75 for each text message you...
-
Show that the transpose operation is linear: (rA + sB)T = rAT + sBT for r, s R and A, B Mmn.
-
What are the relative advantages of: (a) a system of straight salary that is the same each month, and (b) a system of salary with an individual performance-related addition so that the total payment...
-
The comparative condensed balance sheets of Roadway Corporation are presented LO15 below. ROADWAY CORPORATION Condensed Balance Sheets December 31 2017 2016 Assets Current assets $ 76,000 $ 80,000...
-
Donald Petersen joined his father, William Petersen, in a chicken hatchery business William had previously operated as a sole proprietorship. When the partnership was formed, William contributed the...
-
Management is considering purchasing a machine for $780,000 that would have a useful life of 8 years and $52,000 salvage value. The asset would generate annual net cash inflows of $121,500 throughout...
-
At December 31, 2022, Dwight AG reported current assets of 390,000 and current liabilities of 200,000. The following items may have been recorded incorrectly. Dwight uses the periodic method. 1....
-
Many schemes for price discriminating involve some cost. For example, discount coupons take up the time and resources of both the buyer and the seller. This question considers the implications of...
-
List the three key attributes of monopolistic competition. Draw and explain a diagram to show the long-run equilibrium in a monopolistically competitive market. How does this equilibrium differ from...
-
Suppose that 6-month, 12-month, 18-month, 24-month, and 30-month zero rates are, respectively, 4%, 4.2%, 4.4%, 4.6%, and 4.8% per annum with continuous compounding. Estimate the cash price of a bond...
-
what methods ,to do ,or steps do you need to be sure to address when need to make a change in your organization that will help you navigate the organizational culture related to change? Especially...
-
How do you best receive information? Do you prefer written or oral reports? Shorter or longer briefings or reports? Quantitative or qualitative data? Formal or informal styles? How do you ensure...
-
Continuing with an examination of the laws in the state you've written about in earlier discussions, what state and local statutes exist that address the medical conditions or needs of eligible...
-
1. Think about the various soft drinks that you know from the local market and chose any 3 out of that ( e.g. Coca-Cola, Pepsi, 7-Up, Mirinda Citrus, Saudi Champagne, Shaani, Sun Top & Sun Cola,...
-
Leadership is an integral element in any job, regardless of the work title. However, it is important to recognize that leadership is not just one single skill; instead, success in leadership depends...
-
Overhead is also known as (a) committed cost (b) notional cost (c) on cost (d) none of the above
-
Determine the volume of the parallelepiped of Fig. 3.25 when (a) P = 4i 3j + 2k, Q = 2i 5j + k, and S = 7i + j k, (b) P = 5i j + 6k, Q = 2i + 3j + k, and S = 3i 2j + 4k. P
-
Fill in the blank with the line of code that allows the program to compile and print 10 at runtime. A. Whisper.d.getVolume() B. d.Whisper.getVolume() C. Whisper.super.getVolume() D....
-
Suppose a CEO wanted more of her employees to get flu shots. How many of the four big lessons in this chapter can you employ to come up with different solutions?
-
A growing anticorruption campaign in India has a clever new tool: a zero-rupee note. The impressive note looks just like a 50-rupee note, but is clearly marked as being worthless and contains...
-
Researchers seem to have a lot of fun testing different nudges to see how well they work. In one experiment, they placed mirrors in shopping carts so customers at a grocery store were forced to look...
-
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
-
Lime Corporation, with E & P of $500,000, distributes land (worth $300,000, adjusted basis of $350,000) to Harry, its sole shareholder. The land is subject to a liability of $120,000, which Harry...
-
A comic store began operations in 2018 and, although it is incorporated as a limited liability company, it decided to be taxed as a corporation. In its first year, the comic store broke even. In...
Study smarter with the SolutionInn App