As the number of sellers in an oligopoly becomes very large, the quantity of output approaches the socially efficient quantity.
An Oligopoly is when there are few large firms operating in an industry.
Characteristics of an oligopoly:
- Firms set the price for their product
- Products are differentiated
- The demand curve is downward sloping
- There is a high barrier to entry and exit of firms into the industry.
As the number of firms increase in an oligopoly, the quantity and price approaches what would exist in a perfect competition. As the number of firms in an oligopoly decreases, the price and quantity produces approaches that would be exist in a monopoly.
To learn more about oligopolies, please check: brainly.com/question/14136347
Have You Received Your W-2 Form In The Mail From Where You Work(ed)?
Answer:
The answer is D. work with people
Explanation:
I had already answered this but for some reason it got deleted so here ya go. It says she likes her job bc she gets to help kids and kids are people so she likes working with people. And It's the correct answer on Edg. 2020
"Diverse and aggressive" is the one kind of portfolio among the following choices given in the question that a young <span>investor would be best served by. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer has come to your help.</span>
