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Q: Discuss the different policies of monopoly and oligopoly?
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How is OPEC a multilateral oligopoly?

OPEC is a collection of oil exporting countries. Oligopoly - Industry that is controlled by a few major players (firms or countries) Collusion - When industry leaders secretly agree to limit quantities of production. This will guarantee the colluders a higher price for their product OPEC meet to discuss the quantity of oil they will allow onto the world market. This is collusion. Because the OPEC members are the main suppliers of oil they are said to be an oligopoly


Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?

In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.


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Discuss equilibrium of a firm under monopoly what are the conditions of equilibrium?

when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost


How companies adjust their prices to take into account different types of customers and situations?

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How is OPEC a multilateral oligopoly?

OPEC is a collection of oil exporting countries. Oligopoly - Industry that is controlled by a few major players (firms or countries) Collusion - When industry leaders secretly agree to limit quantities of production. This will guarantee the colluders a higher price for their product OPEC meet to discuss the quantity of oil they will allow onto the world market. This is collusion. Because the OPEC members are the main suppliers of oil they are said to be an oligopoly


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Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?

In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.


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Discuss the relationship between objectives strategies and policies?

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What is AmeriTrade's online trading policy?

Searching the AmeriTrade site did not accurately disclose concise policies regarding online trading. The company, however, offers a chat option where one can discuss the requirements and policies that AmeriTrade employs.