Define the term understanding oligopoly, Managerial Economics

Assignment Help:

Define the term understanding oligopoly.

Understanding Oligopoly;

One possibility when the two companies will engage into collusion, Sellers engage into collusion while they cooperate to increase each others’ profits.

The strongest type of collusion is a cartel, an agreement by various producers which increases their combined profits through telling each one how much to generate.

They may also engage within non-cooperative behavior, avoiding the effects of their actions onto each others’ profits.


Related Discussions:- Define the term understanding oligopoly

Extraordinary cyclical fluctuations-hayek explaination, Hayek explaination ...

Hayek explaination Under a fractional reserves system, it is possible for the banking system to supply resources to entrepreneurs for investment in excess of resources that are

Real and nominal wages, Real and nominal wages Wages are wanted only f...

Real and nominal wages Wages are wanted only for what they will buy, real wages being wages in terms of the goods and services that can be bought with them.  Nominal wages

Isoquant analysis, ISOQUANT ANALYSIS In the long run it is possible fo...

ISOQUANT ANALYSIS In the long run it is possible for a firm to produce the same output using different combinations of two factors of production.  For instance it the two fact

Cost concepts, Ask question #MinimumElectron Control, Inc., sells voltage r...

Ask question #MinimumElectron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for their sen

Frugal economy, The Frugal Economy In the Frugal economy, households a...

The Frugal Economy In the Frugal economy, households and firms look to the future, and as a result undertake both Saving and Investment. SAVING Saving is income no

Volatility of the stock market, You have been provided with daily data star...

You have been provided with daily data starting in January 2009 on the main New Zealand stock market index, the NSX-50. Choose a suitable model for measuring volatility on the New

Determine the concepts of demand, Determine the concepts of demand ...

Determine the concepts of demand Demand always mentions to demand at price. The term 'demand' has no meaning unless it is related to price. For example, the statement, 'the

Features of free market system, Features of Free Market System The fea...

Features of Free Market System The features of a free market system are: (i)         Ownership of Means of Production Individuals are free to own the means of producti

Using factor incomes for calculating national income, Using Factor Incomes ...

Using Factor Incomes for Calculating National Income     A second method is to sum up all the incomes to individuals in the form of wages, rents, interests and profits t

Money supply, examine the endogenous and exogenous determinants of money su...

examine the endogenous and exogenous determinants of money supply

Write Your Message!

Captcha
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