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mariarad [96]
3 years ago
7

Consider an oligopoly industry whose firms have identical demand and cost conditions. If the firms decide to collude, then they

will want to collectively produce the amount of output that would be produced by:______
a. A monopolistic competitor.
b. A pure competitor.
c. A pure monopolist.
d. None of the above.
Business
1 answer:
77julia77 [94]3 years ago
3 0

Answer:

The correct answer is C. A pure monopolist.

Explanation:

The pure monopoly arises when there is a total absence of competition, due to independent entry barriers to the company's competitive capacity.

A single company offers a product that has homogeneous characteristics, which has no substitutes and for that reason has a large number of buyers. There are also economic, technological or legal barriers that prevent the entry of potential competitors. That is, there are barriers to entry.

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A purpose is an objective or goal that someone is making an attempt to attain or achieve. The goal is likewise the cease point of a race or something that a participant is trying to put an item into as a part of a game. purpose has other senses as a noun. A goal is an intention or objective that you work toward with attempt and determination.

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2 years ago
The organizations likely to benefit the most from the global reach of e-commerce are those that.
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The companies likely to advantage the most from the worldwide attain of e-commerce are those who more than one choice

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*promote products or services that can be delivered online, inclusive of ebooks or online instructions.

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