Oligopoly market, marketing, Marketing Management

Oligopoly Market
The majority of the world’s diamonds comes from Country A and Country B. Suppose that the marginal cost of mining a diamond is $1,000 per diamond and that the demand schedule for diamonds is as follows:
Price Quantity
$ 6,000 5,500
5,000 6,500
4,000 7,500
3,000 8,500
2,000 9,500
1,000 10,500
If there were MANY sellers of diamonds, what would equilibrium price and quantity? Why?
If there were only one seller, what would be the equilibrium price and quantity? Why?
If Country A and Country B formed a cartel, What would be the equilibrium price and quantity? Why? Is this cartel likely to survive? Why or why not?
Posted Date: 2/5/2012 12:36:00 PM | Location : United States







Related Discussions:- Oligopoly market, marketing, Assignment Help, Ask Question on Oligopoly market, marketing, Get Answer, Expert's Help, Oligopoly market, marketing Discussions

Write discussion on Oligopoly market, marketing
Your posts are moderated
Related Questions
how should shoppers'''' Stop develop its demand forecast?


did the management take a correct decision in rohit''s case

Q. Selection of an ads agency by Quality and Calibre of Staff? Quality and Calibre of Staff: - Ad-agency has a variety of specialists like models, copy-writers, artists, etc.

DRAW THE TYPICAL PROFILES OF SHOPPERS STOP CUSTOMER SEGMENT

Explain Henry Assael Model of buying decision behavior .

Describe four trends in macro market environment in retail industry. Describe their impact in retail industry and highlight the implications in the industry

Explain the thinking of public about the public relations. The public often think of public relations like a glamorous job. These relations people seem to have been tarred alon

Size of an advertising agency Size:- Both large size-agencies as well as small size agencies are available each has its own merits and demerits. Large-agencies have broad ran

consumer mind is a black box discuss