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The profit-maximizing rule for an oligopoly involves firms setting output levels where marginal cost (MC) equals marginal revenue (MR). However, due to interdependence among firms, each firm's pricing and output decisions are influenced by the actions of its competitors. This often leads to strategic behavior, such as collusion or price wars, to optimize profits. Oligopolistic firms must also consider factors like market demand and potential reactions from rivals when determining their optimal strategies.
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How do you find profit maximizing level of output?
The best way to find the profit maximizing level of to calculate it using the profit maximizing formula. To calculate it you need to know margins and how long it takes you to do each task.
How can one determine the profit maximizing output from a table?
To determine the profit-maximizing output from a table, look for the quantity where the marginal revenue equals the marginal cost. This is the point where the firm maximizes its profit.
What is the profit maximizing point on the graph for this particular business model?
The profit maximizing point on the graph for this business model is where the marginal revenue equals the marginal cost.
How do you calculate the profit maximizing output level given a total revenue and total cost function?
how to calculate profit maximizing water level under quadratic cost function
Can monopolies become oligopolies?
If you have a monopoly, why would you want an oligopoly? You make more profit alone.
How do you find profit maximizing level of output?
The best way to find the profit maximizing level of to calculate it using the profit maximizing formula. To calculate it you need to know margins and how long it takes you to do each task.
How can one determine the profit maximizing output from a table?
To determine the profit-maximizing output from a table, look for the quantity where the marginal revenue equals the marginal cost. This is the point where the firm maximizes its profit.
What is the profit maximizing point on the graph for this particular business model?
The profit maximizing point on the graph for this business model is where the marginal revenue equals the marginal cost.
How do you calculate the profit maximizing output level given a total revenue and total cost function?
how to calculate profit maximizing water level under quadratic cost function
Can monopolies become oligopolies?
If you have a monopoly, why would you want an oligopoly? You make more profit alone.
In a long run situation what is economic profit if the profit maximizing point is 5 and the price is 8?
because the Price is Right
How do you find a monopolist's profit maximising...?
The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm uses to determine its equilibrium level of output. Indeed, the condition that marginal revenue equal marginal cost is used to determine the profit maximizing level of output of every firm, regardless of the market structure in which the firm is operating.
Where will A profit maximizing firm produce?
Where the marginal benefits equal marginal costs.
The level of profit maximizing output is reached when marginal cost is?
equal to marginal revenue
True or false The most difficult part of determining the profit maximizing price is determining profit at a given level of unit sales?
true
Will a monopoly always produce at a profit-maximizing level of output?
Most businesses aim to operate at its profit-maximizing level at all times, but many factors make this nearly impossible. For instance, if they are short on workers they wouldn't be able to maximize profits.
What is maximizing corporate profits?
Maximizing corporate profits is a kind of idea which is simple, obvious and straightforward. To maximize a profit is to squeeze in as much value of a certain resources as possible.
