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Is an oligopoly market structure the most efficient market structure?
Wiki User
∙ 11y ago
no it is not
Wiki User
∙ 11y ago
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Define oligopoly and monopoly?
Monopoly means an absolute power to produce and sell a product which has no close substitution. Oligopoly means a few sellers sell differentiated or homogeneous products. e g automobile industry
How is an oligopoly different from monopoly?
AR=MRnormal profits in the long runlarge number of sellersfree entry and excit ,as there are no barriersthe seller is only the price takerperfectly elasticeach firm is a part of the industry
Compare the quantity and price of an oligopoly to those of a competitive market?
At profit maximization, marginal cost equals marginal revenue. Price will be higher than marginal cost.
Firms in which market structure hold the most market power?
Monopoly
What is a Duopoly Market?
A true duopoly is a specific type of oligopoly where only two producers exist in one market. In reality, this definition is generally used where only two firms have dominant control over a market. In the field of industrial organization, it is the most commonly studied form of oligopoly due to its simplicity.
Define oligopoly and monopoly?
Monopoly means an absolute power to produce and sell a product which has no close substitution. Oligopoly means a few sellers sell differentiated or homogeneous products. e g automobile industry
How is an oligopoly different from monopoly?
AR=MRnormal profits in the long runlarge number of sellersfree entry and excit ,as there are no barriersthe seller is only the price takerperfectly elasticeach firm is a part of the industry
What are some example of opligopoly?
http://www.answers.com/library/Investment%20Dictionary-cid-57121 Oligopoly A situation in which a particular market is controlled by a small group of firms.An oligopoly is much like a monopoly, in which only one company exerts control over most of a market. In an oligopoly, there are at least two firms controlling the market.Investopedia Says:The retail gas market is a good example of an oligopoly because a small number of firms control a large majority of the market.
What is duopoly market?
A true duopoly is a specific type of oligopoly where only two producers exist in one market. In reality, this definition is generally used where only two firms have dominant control over a market. In the field of industrial organization, it is the most commonly studied form of oligopoly due to its simplicity.
Which models are the most fuel efficient cars?
The most fuel efficient vehicles on the market today are usually hybrids. However, many small and economy sized vehicles on the market are not hybrids but are very fuel efficient as well.
Compare the quantity and price of an oligopoly to those of a competitive market?
At profit maximization, marginal cost equals marginal revenue. Price will be higher than marginal cost.
Firms in which market structure hold the most market power?
Monopoly
Firms in Which market structure holds the most market power?
Monopoly
What is a Duopoly Market?
A true duopoly is a specific type of oligopoly where only two producers exist in one market. In reality, this definition is generally used where only two firms have dominant control over a market. In the field of industrial organization, it is the most commonly studied form of oligopoly due to its simplicity.
Who produces the most efficient solar panel?
SunPower and Sanyo Electric produce the 50 most efficient solar panels available on the market today.
What is the market structure with the most competition?
Perfect Competition
Match the type of market structure with each example a pure competition online auctioning b monopoly video rental stores c monopolistic competition water and sewer service d oligopoly?
Pure competition-Online auctioning Monopoly-Water and sewer service Monopolistic competition-Video rental stores Oligopoly-Digital camera makers
