Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oligopolies become mature while contending elements acknowledge they can boost be through joint endeavors intended to amplify cost control by limiting the impact of rivalry.

image text in transcribed
image text in transcribed
Oligopolies become "mature" while contending elements acknowledge they can boost be through joint endeavors intended to amplify cost control by limiting the impact of rivalry. working in nations with authorized antitrust regulations, oligopolists will work under unsai arrangement, which is conspiracy through a shared comprehension among the contenders markaet with no immediate correspondence or contact that by aggregately raising costs. ea partaking contender can accomplish monetary benets practically identical to those acco a monopolist while staying away from the express break of market regulations.[32] Hence. wrinkled interest bend for a joint benet augmenting oligopoly industry can demonstrate practices of oligopolists' evaluating choices other than that of the cost chief [the value chi the element that any remaining elements continue as far as estimating choices]. 111is is sin supposing that an element singularly raises the costs of their greatfadministration and co substances don't follow, the element that raised their cost will lose a critical market as the exible upper section of the interest bend

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express English Legal System

Authors: Emily Finch, Stefan Fafinski

8th Edition

1292295457, 978-1292295459

More Books

Students also viewed these Law questions

Question

What are the two primary functions of a combination center drill?

Answered: 1 week ago

Question

Write a research paper on the Life and work of The Beatles.

Answered: 1 week ago

Question

What is the purpose of a retaining wall, and how is it designed?

Answered: 1 week ago

Question

How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago

Question

Define Management by exception

Answered: 1 week ago

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago