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Oligopoly markets are less competitive than _____________, but more competitive than ____________.
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- As the number of firms in an oligopoly industry decreases, the market moves closer to a __________ market. Over the last 60 or so years, the percentage of women with paid jobs has increased significantly. Is this increase in female employment associated with an increase in the demand for labor, or is it associated with an increase in the supply of labor? How does increased immigration affect the labor market? How would the equilibrium wage and the equilibrium quantity of labor be affected?Will the firms in an oligopoly act more like a monopoly or more like competitors?In the future, do you expect more industries to resemble an oligopoly market structure?
- Compare and contrast the monopoly and oligopoly market .Q8. Oligopolies are faced with a unique case of price rigidity. Explain why oligopoly sellers tend to be price rigid. Draw a neatly labelled diagram and explain.Oligopoly Market Structure - Country Brazil Describe the impact the above-market structure has on the country output.
- How do equilibrium prices in markets characterized by oligopoly compare with those in monopolies and perfectly competitive markets? They are higher than in monopoly markets and higher than in perfectly competitive markets. They are higher than in monopoly markets and lower than in perfectly competitive markets. They are lower than in monopoly markets and higher than in perfectly competitive markets. They are lower than in monopoly markets and lower than in perfectly competitive markets.Economists believe that oligopoly firms have a kinked demand curve. Explain why the oligopoly demand curve has a kink.What are the main features of a oligopoly market structure. Explain in detail with explanation of features too.
