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.
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).
The market structure of the market I.e. Barriers to entry #of firms Diversification
Under pure competition, firms produce a homogeneous product, so there is no reason to advertise. Pure competition is also known as perfect competition.
Marketers have no flexibility in setting prices under conditions of
under what conditions an econoy would be operating inside its production possibility frontier?
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).
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.
nag tatanong nga ako kasi di ku alam eh!
Barriers to entry.
To what, under which conditions?
The market structure of the market I.e. Barriers to entry #of firms Diversification
"Under field conditions" is more idiomatic.
duopoly
Under pure competition, firms produce a homogeneous product, so there is no reason to advertise. Pure competition is also known as perfect competition.
Under ideal conditions, population increases.
No
they were horrible conditions :(