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ANSWER THOROUGHLY and DO NOT CONSULT TO INTERNET It was discussed that in an oligopoly market, competition among firms is present.However, such competition is more
ANSWER THOROUGHLY and DO NOT CONSULT TO INTERNET
- It was discussed that in an oligopoly market, competition among firms is present.However, such competition is more manifested in Non-Price undertakings. Please discuss: (a) why Price competition may not be a common feature in an oligopoly market; (b) what are some non-price factors which firms can undertake in an oligopoly market.
- Assume that you are the CEO of a firm. The firm's fixed cost is P50 million; variable cost is P60 million; and total revenue is P70 million. Question:Will you operate or shut down?Explain your answer thoroughly.
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Managerial Economics And Strategy
Authors: Jeffrey M. Perloff, James A. Brander
3rd Edition
0134899709, 978-0134899701
