Type of oligopolistic behavior

Assignment Help Business Economics
Reference no: EM131112934

What real-world evidence would lead you to believe that firms were acting as Cournot oligopolists? Stackelberg oligopolists? Bertrand oligopolists? Give an example of each type of oligopolistic behavior and explain your answer.

Reference no: EM131112934

Questions Cloud

Cost of producing one bushel of wheat is equal to pounds : Vietnam and Ecuador both produce shrimp and wheat. Vietnam can produce 80 thousand pounds of shrimp or 40 thousand bushels of wheat in a year. Ecuador can produce 60 thousand pounds of shrimp or 20 thousand bushels of wheat in a year. Ecuador’s oppor..
What is the total explicit cost : Suppose you are employed as a waiter at a restaurant at Broadway making $8 per hour. You have to take two hours off work to go to the doctor, who charges $75 for your checkup. What is the total explicit cost of your visit to the doctor?
Cost of production and decide to specialize and exchange : Puma and Lima are two countries that both produce bananas and sugar. In Puma each worker in a one-hour period can produce either 11.83 pounds of bananas or 3.96 pounds of sugar. In Lima each worker in a one-hour period can produce either 14.43 pounds..
Which design has dorothy employed : Sharon wanted to investigate student perceptions of homework. First, she distributed a survey to students and their parents and collected quantitative data. Second, she interviewed a few participants to gain insights on their survey responses. Whi..
Type of oligopolistic behavior : What real-world evidence would lead you to believe that firms were acting as Cournot oligopolists? Stackelberg oligopolists? Bertrand oligopolists? Give an example of each type of oligopolistic behavior and explain your answer.
Equilibrium quantity of pretzels : The city implements a $100 tax on each owner's pretzel stand. How does this tax affect the equilibrium quantity of pretzels consumed in the short run and in the new long run?
Presidential and parliamentary systems of government : Identify and discuss the key differences between the presidential and parliamentary systems of government. Your answer should include a comparison of electoral processes which brings a party to power, how the executive and his/her cabinet are selecte..
Identify the customer perceived value for the customer : Using suitable models identify the customer perceived value for the customer for a company of your choice. Critically evaluate the existing value proposition for the one you have chosen
Identify personal economic decision : Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?

Reviews

Write a Review

Business Economics Questions & Answers

  Create a list of the legal and economic factors

Chairman of the Board at AutoEdge, told you during your interview for this job that the company has been floundering since product quality issues caused millions of automobiles to be recalled - "The board is considering several proposals in respons..

  Total hours worked in the nonfarm business sector

Between Q1, 2014 and Q1, 2015 measured Output in the non - farm business sector increased by 3.2%. During this time period the unemployment rate fell from 6.6% to 5.5% and total hours worked in the nonfarm business sector increased by 2.8%.

  The term price maker

The payment to resource owners has to be equal to ____ in order to keep the resources in their current use. The term price maker

  Illustrate what are new equilibrium price and equilibrium

Assume new suppliers enter the market due to the increase in demand so the new supply curve is Q= -500 + 10P. Illustrate what are the new equilibrium price and equilibrium quantity.

  Maximum sustainable yield and also find the size of yield

The reproduction function for a certain North American species of duck is estimated to be f(p) = −.02p^2 + 7p, where p and f (p are measured in thousands. Find the size of the population that allows the maximum sustainable yield, and also find the si..

  Cause the turnaround at the peak of the cattle price cycle

Explain why industry expansion in response to rising prices will put even more upward pressure on price in the cattle price cycle. What happens to finally cause the turnaround at the peak of the cattle price cycle?

  Negative income tax to support low income families

Consider a negative income tax in which an individual receives a cash benefit of B per month, and pays a marginal tax M on any income earned. If an individual’s income is Y, their combined income from earnings and benefit is then B+(1-M)Y up to the i..

  Monopoly produces widgets at a marginal cost

A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 ? Q. Suppose fixed costs rise to $200. What will happen in the market?

  Determine the depletion charge

A mine purchased for $3.5 million has a total expected yield of one million ounces of silver. Determine the depletion charge in year 4 when 300,000 ounces are mined and sold for $30 per ounce using (a) cost depletion, and (b) percentage depletion. (c..

  Putting utility on the y-axis and wealth on the x-axis

Suppose James has utility over wealth given by u(w) = w 1 2. Putting utility on the y-axis and wealth on the x-axis, use a graph to show why James would rather have $100 for sure instead of a gamble where he gets $20 20% of the time and $120 the rest..

  Qthe following graph shows the demand as well as curve d of

q.the following graph shows the demand as well as curve d of a home country facing the foreign monopoly supplier of a

  Proponents of zero inflation argue that even mild inflation

Proponents of zero inflation argue that even mild inflation (1 to 3 percent) reduces the economy's real output.  Do you agree or disagree with this assessment? Why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd