A. Limit
B. Factor
C. Quota
D. Quotient
Oligopoly
Oligopoly
A. antimonopoly laws
B. all of these answers
C. anti-collusion laws
D. pro-competition laws
E. antitrust laws
A. Rs 60
B. Rs 90
C. Rs 85
D. Rs 75
A. all of these answers
B. if additional firms enter of the oligopoly
C. because antitrust laws (also known as competition laws) make collusion illegal
D. because, in the case of oligopoly self-interest is in conflict with cooperation.
A. Nash equilibrium
B. dominant strategy.
C. cartel
D. collusion solution
A. more than the price charged by either monopoly or a competitive market
B. less than the price charged by either monopoly or a competitive market
C. more than the price charged by a monopoly and less then the price charged by a competitive market
D. less than the price charged by a monopoly and more than the price charged by a competitive market
A. monopoly
B. a competitive market
C. monopolistic competition
D. a collusion solution
A. the same as if it were served by competitive firms.
B. efficient because cooperation improves efficiency
C. the same as if it were served by a monopoly.
D. known as a Nash equilibrium
A. monopolistically competitive
B. a monopoly
C. an oligopoly
D. competitive
A. Each individual firm profit maximizes
B. There may be an incentive to cheat
C. The industry as a whole is loss making
D. There is no need to police agreements
