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An oligopoly firm must realize that its decisions are interdependent, meaning that the actions of one firm can significantly impact the strategies and outcomes of others in the market. This requires careful consideration of competitors' potential reactions when setting prices, output levels, or engaging in marketing strategies. Additionally, firms should be aware of the potential for collusion, which, while potentially profitable, can lead to legal repercussions and damage to reputation. Understanding market dynamics and maintaining competitive advantage are crucial in an oligopolistic environment.
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Sony Ericsson is oligopoly firm?
yes
Which market structure is the demand curve of the market represented by the demand curve of the firm?
oligopoly
What is the market structure of apple?
I think the market structure of the apple is oligopoly because the firm like apple creating the ipod and iphone is some what few not exceed to 10 also. so, the firm apple applies to oligopoly market structure.
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 is the cost to a firm in an oligopoly that fails to?
In an oligopoly, a firm that fails to effectively compete may face significant costs, including loss of market share and reduced profits. The firm could also suffer from increased price competition, leading to a price war that further erodes margins. Additionally, failing to innovate or differentiate products can result in decreased customer loyalty and a long-term decline in market position. Ultimately, these factors can threaten the firm's sustainability in a highly interdependent market environment.
Sony Ericsson is oligopoly firm?
yes
Which market structure is the demand curve of the market represented by the demand curve of the firm?
oligopoly
What is the market structure of apple?
I think the market structure of the apple is oligopoly because the firm like apple creating the ipod and iphone is some what few not exceed to 10 also. so, the firm apple applies to oligopoly market structure.
What is the one main difference between a monopoly and an oligopoly?
Firms in oligopoly can set prices to a degree but must consider other firms' decisions.
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 is the cost to a firm in an oligopoly that fails to?
In an oligopoly, a firm that fails to effectively compete may face significant costs, including loss of market share and reduced profits. The firm could also suffer from increased price competition, leading to a price war that further erodes margins. Additionally, failing to innovate or differentiate products can result in decreased customer loyalty and a long-term decline in market position. Ultimately, these factors can threaten the firm's sustainability in a highly interdependent market environment.
A situation where there are a few large firms and any change in one firm's output or prices will affect the whole market is known as?
oligopoly (study islands)
Is sainsbury's monopoly or oligopoly?
Oligopoly!
Is asda a monopoly or oligopoly?
oligopoly
Is comcast a monopoly or oligopoly market structure?
Oligopoly
Is airline industry a oligopoly or monopolistic?
Oligopolistic
Why the demand curve in an oligopoly is kinked?
because oligopolistic firms are unlikely to benefit from a reduction in prices, it is something known as game theory, each firm is attempting to get the edge over their competitor, but not with prices. This is because if one firm reduces their prices, it is highly likely that the others will do the same and in the end all parties finish with the same market share as when the price war erupted; but because they reduced prices, profit is lost, with no benefit for the firm
