Firms in oligopoly are likely to ?

Related Mcqs:

In the kinked Demand Curve theory it is assumed that ?

A. An increase in price by the firm is not followed by others B. An increase in price by the firm is followed by others C. A decrease in price by the firm is followed by others D. Firms collude to fix the price...

In Game Theory ?

A. Firms are assumed to act independently B. Firms are assumed to cooperate with each other C. Firms collude as part of cartel D. Firms consider the actions of others before deciding what to do...

In cartels ?

A. Each individual firm profit maximizes B. There may be an incentive to cheat C. The industry as a whole is loss making D. There is no need to police agreements...

As the number of sellers in an oligopoly increases ?

A. output in the market tends to fall because each firm must cut back on production B. the price in the market moves further from marginal cost C. collusion is more likely to occur because a larger number of firms can place pressure on any firm that defects D. The price in the market moves … As the number of sellers in an oligopoly increases ?Read More...

Many economics argue that resale price maintenance ?

A. has a legitimate purpose of stopping discount retailers from free riding on the services provided by full services retailers? B. is price fixing and, therefore is prohibited by law C. is price fixing and therefore, is prohibited by law and enhances the market power of the producer D. enhances the market power of the … Many economics argue that resale price maintenance ?Read More...