Why do oligopolies exist? list five or six oligopoists whos products are owned or regurlarly purchased. What distinguishes an oligopoly from monopolistic competition. Explain why monopoistically copetitive firms frequently perfer non-price
A community 5K run will award $50 to the winner. 50 people enter the race, and they each pay an entry fee of $20.00. Assuming they are all equally likely to win , what is a fair price for the competition?
6. To win a javelin throwing competition, your last throw must travel a horizontal distance of at least 100 feet. You release the javelin at a 40° angle with an initial speed of 71 feet per second. Do you win the competition?
market competition pushed a price down toward its market-clearing level. Which of the following BEST describes they type of competition that would cause lower prices 1) Competition between buyers and sellers 2) Competition among sellers …