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The members of the major league sports are in an oligopsony. There are many young men (particularly men) who would like to play professional Basketball, football and Baseball, but there are only a few major league teams on which they can play. Although the major league baseball teams have "farm" clubs, these too are limited in number.
Oligopsony, like oligopoly is also a matter of definition. If I live in New Nowhere, Kansas then there are no teams for which I can play without serious dislocation. On the other hand, if I live on the east coast, between Washington, DC and Boston then I am facing an oligopsonistic market.
In agriculture, farmers faced with oligopolistic buyers sometimes get together to form collective selling organizations (co-ops) to limit competition among themselves.
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Examples of barriers to entry?
Some examples: legal barriers (e.g.) state-enforced monopolies); high fixed capital costs (e.g.) automanufacturing); price manipulation by leading firms in uncompetitive markets (e.g.) leading firms in oligopolies); limited market size (e.g.) geographic isolation; low population; monopsony; oligopsony).
What is demand conditions?
The market structure of the market I.e. Barriers to entry #of firms Diversification
Which is the reason why there is no advertising by individual firms under pure competition?
Under pure competition, firms produce a homogeneous product, so there is no reason to advertise. Pure competition is also known as perfect competition.
Under what conditions do marketers have no flexibility in price control?
Marketers have no flexibility in setting prices under conditions of
Firms in an industry will not earn long-run economic profits if?
In long run under perfect competition new firms enters into the market and share the profit of existing firms due to free entry and exit .the new firms in the long run enters into the market until they earn profit and leaves the market if they suffer looses. In short if there is free entry and exit
Examples of barriers to entry?
Some examples: legal barriers (e.g.) state-enforced monopolies); high fixed capital costs (e.g.) automanufacturing); price manipulation by leading firms in uncompetitive markets (e.g.) leading firms in oligopolies); limited market size (e.g.) geographic isolation; low population; monopsony; oligopsony).
Acca Past Sample Questions and Answers of Financial Management?
true or false, managers should under no conditions take actions that their firms risk relative to the market, regqardless of how much those actions would increase the firms expected rate return.
Conditions that prevent the entry of new firms in a monopoly market are?
Barriers to entry.
What happens under the conditions?
To what, under which conditions?
What is demand conditions?
The market structure of the market I.e. Barriers to entry #of firms Diversification
Under which market condition do firms have excess capacity?
duopoly
Is it in the field conditions or under field conditions?
"Under field conditions" is more idiomatic.
Which is the reason why there is no advertising by individual firms under pure competition?
Under pure competition, firms produce a homogeneous product, so there is no reason to advertise. Pure competition is also known as perfect competition.
What happens to a population under ideal conditions?
Under ideal conditions, population increases.
Is a discharge "under honorable conditions" the same as a "general discharge under honorable conditions"?
No
If you are a manager would you be entitled to extra pay for working on a statutory holiday?
Managers are generally salaried employees not hourly. They get all the overtime they want. However they don't get extra pay for it. Working stat holidays is part of the package. Many firms tacitly expect salaried staff to voluntarily contribute at least 10% extra time under normal conditions and all of their time under extraordinary conditions.
What Under what conditions slaves were transported?
they were horrible conditions :(
