• 2021-04-14
    With Oligopoly, .
  • There are only a handful of large companies account for a relatively large market share with significant barriers to the entry into the market. --- It is interdependence between firms --- The prices are made together and negotiated, which can generate "supernormal profit".

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      An oligopoly is characterized by all of the following EXCEPT: A: large economies of scale. B: significant barriers to entry. C: a large number of sellers.

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      According to the degree of , market can be divided into the complete monopoly market, the oligopoly market, the monopoly competition market and the complete competitive market.

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      What market is the Most in need of the advertising ( ) A: Fully competitive market B: Monopolize market C: Competitive monopoly market D: Oligopoly market

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      Which is the market structure in which many manufacturers produce and sell products that are different yet substitutable? A: Perfect competition B: Perfect monopoly C: Monopolistic competition D: Oligopoly

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      Assume that firms in an oligopoly are currently colluding to set price and output to maximize total industry profit. If the oligopolies are forced to stop colluding, the price charged by the oligopolies would ________ and the total output produced will ________.