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Market structures
Page 4
Questions (433)
Perfect competition means that no one buyers or sellers has control over the price of a product and that there are no government
3 answers
asked anonymously
34 views
Explain how firms in an oligopoly market maximize their production and price.
3 answers
asked by
Paul
29 views
Explain how a perfectly competitive market promotes productive efficiency (minimum average costs).
1 answer
asked by
Mike
866 views
A monopoly firm is different from a competitive firm in that
A. there are many substitutes for a monopolist's product while there
1 answer
asked by
Anonymous
1,252 views
The spirit of equating marginal cost with marginal revenue is not held by
a.perfectly competitive firms. b.oligopolistic firms.
4 answers
asked by
Chris
1,264 views
The market demand in a Bertrand duopoly is P = 15 - 4Q, and the marginal costs are $3. Fixed costs are zero for both firms.
2 answers
asked by
Steven
812 views
Place an X in front of the description of a monopoly. ONE ANSWER ONLY
_____ When one company controls the price, production and
3 answers
asked by
hj
40 views
Bubba's Burgers sells hamburgers in a perfectly competitive market at a price of $1.50 each. At the profit-maximizing
1 answer
asked by
Ophilia
424 views
Do total profits (A) decrease, (B) increase, or (C) stay the same when new technology reduces average
total costs (shifts ATC
1 answer
asked by
Debbie
434 views
Would you characterize the market for food items in the US as purely competitive, monopolistic or oligopolistic?
3 answers
asked by
Deberal
354 views
A monopolist is currently producing a level of output where Price = $110; Marginal Revenue = $10; Quantity = 100; Total Cost =
2 answers
asked by
Jim
557 views
A monopolist is in long-run equilibrium and earning economic profits equal $100 million. The government imposes a lump sum tax
1 answer
asked by
Jim
410 views
2. Suppose that firms in an industry have the following cost function: C = 100 + 0.25q2, and the industry faces an inverse
2 answers
asked by
jay
648 views
Suppose that bicycles are produced by a perfectly competitive, constant cost industry. Which of the following will have a larger
1 answer
asked by
Erika
908 views
Place an X in front of the description of a monopoly.
_____ When one company controls the price, production and distribution of
3 answers
asked anonymously
135 views
For example the productive needs of the firm would be to set (Marginal Revenue = Marginal Costs (MR = MC) and create excess
1 answer
asked by
DD
439 views
Assume that there is a perfect competition market for a good X. If one supplier all of a sudden wins the lottery and buys all
1 answer
asked by
Helen
511 views
This economy focuses on Competition.
What goods and services should be produced? Electronic gadgets, Clothing, accessories,
1 answer
asked by
Anonymous
444 views
state whether the monopolist would increase or decrease output:
a. Marginal revenue exceeds marginal cost at the output produced.
1 answer
asked by
tommy
443 views
Strictly speaking, perfect competition has never existed and probably never will. Then why study it?
1 answer
asked by
JT
352 views
among monopoly, oligopoly, monopolistic competition, and perfect competion, how would you classify the markets for each of the
2 answers
asked by
eva
542 views
The general term for market structures that fall somewhere in-between monopoly and perfect competition is?
4 answers
asked by
Anonymous
466 views
The general term for market structures that fall somewhere in-between monopoly and perfect competition is __________.
3 answers
asked by
tresa
436 views
Perfect competition is a model of the market that assumes all of the following EXCEPT
3 answers
asked by
Anonymous
953 views
Black markets result from:
A. price floors B. price ceilings C. shifts in demand D. competitive price outs I think it's C?
5 answers
asked by
tony
404 views
One characteristic of an oligopoly market structure is:
2 answers
asked by
tanya
555 views
Suppose thatsome firms in a perfectly competitive industry are incurring negative economic profits. In the long run, the
a
2 answers
asked by
Angelique
575 views
in th Van Dyke and bacon shoe stores, identify the buyers and sellers as well as the goods or services, how closely do real
1 answer
asked by
Laura
354 views
What is one kind of monopol that the U.S. government generally permits?
1 answer
asked by
Shannon
329 views
A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue of $10,
4 answers
asked by
Pam
1,752 views
A company is working on the market of perfect competition. Its cost function TC=Q^2-4Q+64 and demand function on the product
2 answers
asked by
Magda
528 views
What role do competitive markets, monopolies, and oligopolies play in an economy
1 answer
asked by
shon
369 views
a market in no one controls the prices is called
1 answer
asked by
bettyrobinson
281 views
What are the limitations of cournot duopoly model?
1 answer
asked by
Damasus
958 views
A monopoly exists when one business controls the sales of a service or commodity. In a capitalistic economy, monopolies are
4 answers
asked by
kayci
473 views
intro to microecnomics, easy, not enough time to do! twenty questions, need soon.
Sample question: Unlike a perfectly competitive
3 answers
asked by
john
517 views
In the hope of high returns, venture capitalists provide funds to finance new (start up) companies. However, potential
1 answer
asked by
Riley
593 views
"How does the price and output behavior of a price-searcher compare with that of a price-taker? Be sure to explain your answer
1 answer
asked by
Sara
605 views
Why is there so much advertising in monopolistic competition and oligopoly?
How does such advertising help consumers and promote
7 answers
asked by
Erick
898 views
Why do oligarchy exist? List five or six oligopolists whose products you own or regularly purchase. What distinguishes oilgopoly
4 answers
asked by
Erick
1,075 views
How does monopolistic competition differ from pure competition in its basic characteristics? From pure monopoly? Explain fully
2 answers
asked by
Erick
882 views
If at least 1 of the conditions for a perfectly competitive market is not met, does this invalidate the model of perfect
1 answer
asked by
Irma
467 views
Please I would to know if I choose the correct answer.
Which of the following characteristics does perfect competition share with
2 answers
asked by
Jeniffer
1,144 views
Gasoline and beer are monopolistic competition. But why the prices of gasoline always changes while beer's price is constant?
2 answers
asked by
uno
723 views
A monopolist will always make a profit in the short run. true or false
2 answers
asked by
Krysta
513 views
Does the shut down run rule apply to oligopolies in the same way as it does to perfectly competitive companies for both the
4 answers
asked by
Kiersyn
610 views
A monopolistically competitive industry has the following structual characteristics:(1) a large number of firms,(2) no barriers
2 answers
asked by
ronie
582 views
Which of the following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive?
E
1 answer
asked by
MICHELLE
630 views
If all firms in an industry are price-takers, then ______.
2 answers
asked by
Anonymous
560 views
The following table indicates the prices various buyers are willing to pay for a Miata sports car:
Buyer A Maximum price $50,000
1 answer
asked by
Lorie
987 views
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Parent Categories (7)
Business and Economics
Business/Economics
Economic Systems
Economics
Microeconomics
Supply and Demand
Venture Capital