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What best describes a situation where oligopoly exists?
When many producers are selling slightly differentiated products is a situation where monopolistic competition exists.
What exists when a few firms dominate the market?
Oligopoly
What is the meaning of the word oligopoly?
An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.
Difference between collusive and non-collusive oligopoly?
If in an oligopoly market, the firms compete with each other, it is called a non-collusive, or non-cooperative oligopoly. If the firm cooperate with each other in determining price or output or both, it is called collusive oligopoly, or cooperative oligopoly. Collusive oligopoly exists when the firms in an Oligopolistic market charge the same prices for their products, in affect acting as a monopoly but dividing any profits that they make. Non collusive oligopoly exists when the firms in an oligopoly do not collude and so have to be very aware of the reactions of other firms when making price decisions.
Is Best Buy an oligopoly or monopolistic competition?
monopolistic competition
What best describes a situation where oligopoly exists?
When many producers are selling slightly differentiated products is a situation where monopolistic competition exists.
What exists when a few firms dominate the market?
Oligopoly
What is the meaning of the word oligopoly?
An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.
Difference between collusive and non-collusive oligopoly?
If in an oligopoly market, the firms compete with each other, it is called a non-collusive, or non-cooperative oligopoly. If the firm cooperate with each other in determining price or output or both, it is called collusive oligopoly, or cooperative oligopoly. Collusive oligopoly exists when the firms in an Oligopolistic market charge the same prices for their products, in affect acting as a monopoly but dividing any profits that they make. Non collusive oligopoly exists when the firms in an oligopoly do not collude and so have to be very aware of the reactions of other firms when making price decisions.
What exists when there is a difference the current situation and the desired one?
A problem is what exists when there is a difference between the current situation and the desired one.
Is Best Buy an oligopoly or monopolistic competition?
monopolistic competition
What exists when there is difference between the current situation and the desired one?
A problem is what exists when there is a difference between the current situation and the desired one.
What exists when there is a difference between the current situation and the desire one?
A problem is what exists when there is a difference between the current situation and the desired one.
What word can be eliminated for a stronger effect there is a situation that exists that needs attention?
That exists
Is asda a monopoly or oligopoly?
oligopoly
Is sainsbury's monopoly or oligopoly?
Oligopoly!
In the United States which industry could best be defined as an oligopoly?
Automobile manufacturing.
