If a few firms dominate an industry the market is known as ?

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...

Suppose that ABC publishing sells an economics textbook and accompanying study guide. Raheel is willing to pay Rs75 for the text and Rs15 for the study guide. Mariam is willing to spend Rs60 for the text and Rs25 for the study guide. Suppose both the book and study guide have a zero marginal cost of study production. If ABC publishing engages in tying the two products its best strategy is to charge a combined price of ?

A. Rs 60 B. Rs 90 C. Rs 85 D. Rs 75...

Laws that make it illegal for firms to conspire to raise prices or reduce production are known as ?

A. antimonopoly laws B. all of these answers C. anti-collusion laws D. pro-competition laws E. antitrust laws...

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...