troshakar9997 troshakar9997

13-12-2019
Business

contestada

As the number of firms in an oligopoly market a increases, the market approaches the competitive market outcome. b decreases, the market approaches the cartel outcome. c increases, the market approaches the monopoly outcome. d decreases, the market approaches the competitive market outcome.

Respuesta :

DelcieRiveria DelcieRiveria

13-12-2019

Answer:

The correct answer is option a.

Explanation:

An oligopoly market is a market structure where there are a few firms in the market. Because of a few firms, there is a high degree of interdependence and competition in the market.

As the number of firm increases in such a market, the market approaches the perfectly competitive outcome where the output and price are socially optimal.

In a perfectly competitive firm, there is a large number of firms. As the number of firms increases, the output will move towards a competitive level.

Answer Link

Otras preguntas

Would College Board want you to write a paragraph like this: Thomas Jefferson was an evil slave owner. Because he saw no value in others we should see no valu

Answer this question

Use trig ratios to find the measure of the angle in this Triangle (Image)

A bricklayer is building a wall. Each layer of the wall has the same number of bricks. The points on the following coordinate plane show how many bricks he used

Name all the sets of -15 The real Numbers

The literary device that provides clues or hints to suggest what will occur later in a story is called: O Allusion O Foreshadowing O Flashback O Metaphor

Why does Madison reject a pure democracy (a system where a small number of citizens assemble and administer the government in person)?

According to Porter, the nature of the interaction between potential industry entrants, buyers, substitute products, suppliers, and rival firms determines:

What groups successfully lobbied the governor of Texas in 2013 over a bill that would have allowed employees alleging they had been subject to wage discriminati

Identify the problem with the following study. An internet poll on a website asks people to indicate whether or not they have a cable TV subscription. 1974 peop