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2 years ago

In markets characterized by oligopoly,

Business

1 answer:

Tju [1.3M]2 years ago

4 0

Answer:

d. the oligopolists earn the highest profit when they cooperate and behave like a monopolist.

Explanation:

An oligopoly is when there are few large firms operating in an industry.

When oligopoly firms come together and agree to set a price, they are known as cartels and are acting as a monopoly. Firms in a cartel earn the highest profit because they act as a monopoly compared to when they aren't in a cartel and each firm sets their own prices to maximise profit. In a case where firms in an oligopoly do not form a cartel, they engage in price wars and other forms of competition which might make firms earn lower profits compared to when they are in a cartel.

Collusive agreements aren't always binding. Firms might have incentives to cheat on the agreement if the payoff from cheating is higher than not cheating.

I hope my answer helps you.

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green business is what he works for

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The deadweight loss from a tax is likely to be greater with a good that has Select one: a. many substitutes. b. an inelastic dem

Lorico [155]

The deadweight loss from a tax is likely to be greater with a good that has many substitute.

<h3>What is deadweight loss?</h3>

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Lauren's salary decreases from $ 37,000 to $ 30,000 . She decides to reduce the number of outfits she purchases each year from 2

nikklg [1K]

Answer:

E=-4.0746

Explanation:

Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:

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Her income elasticity of demand for new outfits is -4.0746.

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2 years ago

Both power distance and femininity are negatively related to the Environmental Sustainability Index.

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Both power distance and femininity are negatively related to the Environmental Sustainability Index. False

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1 year ago

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<h3>Therapeutic Services workplaces </h3>

Correct options are A, C and F

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