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Which of the folllowing best states the main difference between a monopoly and an oligopoly?

Oligopolies involve more than one company while monopolies involve only one. apex :]p


Is procter and gamble a oligopoly or a monopoly?

P&G is an oligopoly. Oligopoly is market where few players operate or control majority of the market share. Cell phone companies (only Sprint, Verizin, ATT, T-Mobile), auto insurance, retailers are some examples of this type. If you look at the consumable manufacturing companies, PG, Colgate, Unilever, Arm & Hammer are the companies that come play. These companies dominate the market share.


In what market structures is it possible for Firms to make positive profit in the long run?

Monopoly and Oligopoly are both the only firms that may make positive profit in the long run. Under LONG-RUN MARKET TENDENCY OF PRICE AND ATC: Monopoly P>ATC and Oligopoly P>ATC both will have postive profits, however it possible to turn to zero profits if there isn't capitalization of the profits or any rent-seeking activities or if the market is contestable. But moreover, the answer you're looking for is the above that bother Monopoly and Oligopoly will have positive profit in the long run.


What does the flow money determined in the circular flow model?

The allocation of resources. :P


What is the output effect and the price effect for an oligopoly?

Since P>MC for an oligopoly, the output effect is that selling one more unit at the sales price will increase profit.The price effect is that an increase in production will increase the total amount sold, which will decrease the price and decrease the profit on all other units sold.If the output effect is greater than the price effect, the owner will increase production.If the price effect is greater than the output effect, the owner will not increase production (and may even decrease production).Oligopolists will continue to increase or decrease production until these marginal effects balance.

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Which of the folllowing best states the main difference between a monopoly and an oligopoly?

Oligopolies involve more than one company while monopolies involve only one. apex :]p


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Potpourri - P-Model album - was created in 1981.


Is procter and gamble a oligopoly or a monopoly?

P&G is an oligopoly. Oligopoly is market where few players operate or control majority of the market share. Cell phone companies (only Sprint, Verizin, ATT, T-Mobile), auto insurance, retailers are some examples of this type. If you look at the consumable manufacturing companies, PG, Colgate, Unilever, Arm & Hammer are the companies that come play. These companies dominate the market share.


In what market structures is it possible for Firms to make positive profit in the long run?

Monopoly and Oligopoly are both the only firms that may make positive profit in the long run. Under LONG-RUN MARKET TENDENCY OF PRICE AND ATC: Monopoly P>ATC and Oligopoly P>ATC both will have postive profits, however it possible to turn to zero profits if there isn't capitalization of the profits or any rent-seeking activities or if the market is contestable. But moreover, the answer you're looking for is the above that bother Monopoly and Oligopoly will have positive profit in the long run.


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