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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.
What is the most efficient heating system available on the market today?
The most efficient heating system available on the market today is a geothermal heat pump.
What is the most fuel-efficient roof rack available on the market?
The most fuel-efficient roof rack available on the market is the Thule Aeroblade Edge.
Which market structure uses the most advertising?
The market structure that typically uses the most advertising is oligopoly. In oligopolistic markets, a few firms dominate, and they often engage in significant advertising to differentiate their products and capture market share. This competitive advertising helps them maintain visibility and influence consumer preferences, as well as respond to rivals' marketing strategies. Industries such as automobiles and consumer electronics are prime examples of oligopolies that heavily invest in advertising.
What is the most efficient tile floor removal machine available on the market?
The most efficient tile floor removal machine on the market is the Ride-On Floor Scraper.
How do most investors earn in an efficient market?
Most investors earn in an efficient market by buying and selling assets at fair prices based on available information, rather than trying to outsmart the market.
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.
What is the most efficient electric hot water heater available on the market?
The most efficient electric hot water heater available on the market is the heat pump water heater.
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.
