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Monopoly and oligopoly are market structures that differ significantly in their policies. A monopoly, characterized by a single seller, often sets prices higher due to the lack of competition and may engage in practices like price discrimination to maximize profits. In contrast, an oligopoly, where a few firms dominate the market, typically involves strategic interactions among firms; they may collude to set prices or output levels, but they also face the risk of competitive behavior that can drive prices down. Both structures can lead to inefficiencies, but oligopolies may have more varied pricing and output strategies due to the presence of multiple players.
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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.
Describe different dimensions diagnosed through questionnaire and discuss the importance of questionnaire as a tool for analysing an organization?
Describe different dimensions diagnosed through questionnaire and discuss the importance of questionnaire as a tool for analysing an organisation.
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?
discuss how companies adjust their prices to take into account different types of customer and situations
Discuss the different policies what countries in relation to southeast Asia?
See website: Southeast Asia
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.
Has Hillary Clinton traveled overseas to discuss foreign policies?
Frequently
What is a managerial meeting?
A meeting within a business or company where the managers meet to discuss operations and policies.
Discuss the different managerial styles of your superiors and which of these styles do you feel comfortable with?
Discuss the different managerial styles of your superiors and which of these styles do you feel comfortable with and why?
Discuss the different factors of production with emphasis on their interdependence in the creation of wealth?
discuss factors of production
Explain the basic principles of compensation policies and its objectives Discuss the executive compensation system of any organization you are familiar with Does compensation system motivate th?
Explain the basic principles of compensation policies and its objectives Discuss the executive compensation system of any organization you are familiar with Does compensation system motivate th?
What is dilemma and nature of dilemma?
discuss how dimmas encountered in relation to implementing systems and policies for health, safety sercurty be addressed.
Different uses of statistics?
discuss the different day to day uses of statistics
Discuss the different skill that managers must have and the roles?
describe the different categories of managers
Types of departmentalisation?
with examples discuss the different types of departmentalisation
