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Price stickiness in an oligopoly market structure occurs because firms are interdependent and tend to avoid price wars that could erode profits. When one firm changes its price, others often follow suit to maintain market share, leading to a tacit understanding that prices should remain stable. Additionally, firms may rely on non-price competition, such as advertising and product differentiation, to attract customers rather than altering prices. This behavior results in a reluctance to change prices frequently, contributing to price rigidity in the market.
What else can I help you with?
Collusion and cartels are likely to arise under what market structures?
Oligopoly
In what market models is X inefficiency least likely to be present 1 pure competition 2 oligopoly 3 monopolistic competition or 4 pure monopoly?
It is least likely to be in pure competition.
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.
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
What type of competition would most likely exist with a four-firm concentration ratio of 94?
Either an oligopoly (dominated by a few firms) or monopoly (if these 4 firms collude - control price and supply)
Collusion and cartels are likely to arise under what market structures?
Oligopoly
Chemical changes in the structure shown are most likely to happen during?
Chemical changes in a structure are most likely to happen during a chemical reaction where bonds are broken and formed between atoms. This can occur when new substances are formed, leading to a change in the composition and properties of the structure.
In what market models is X inefficiency least likely to be present 1 pure competition 2 oligopoly 3 monopolistic competition or 4 pure monopoly?
It is least likely to be in pure competition.
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.
Will the world ever turn into a black hole?
This is not likely to happen.This is not likely to happen.This is not likely to happen.This is not likely to happen.
When does obesity happen?
it can happen at any time it less likely to happen at a young age due to high metabolism that's the least likely it is more likely to happen in the teen era+
Do you believe that 2012 will happen?
No. It most likely will NOT happen
What is the difference between a likely event and unlikely event?
A likely event, mathematically, is more then 50% likely to happen. An unlikely event is less then 50% likely to happen.
If something is 75 percent more likely to happen how many more times is it likely to happen?
three times.
Are blackouts more likely to happen to women?
That's like asking if blackouts are most likely to happen in the kitchen.
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Can you get attacked by a squirrel?
You can, but it is not likely to happen.
