The mutual interdependence that characterizes oligopoly arises because: the products of various firms are homogeneous. the products of various firms are differentiated. a small number of firms produce a large proportion of industry output. the demand curves of firms are kinked at the prevailing price. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. a firm that is large will have to charge a higher price than will a small firm. entry to that industry will be easy. firms must differentiate their products to earn economic profits. Game theory can be used to demonstrate that oligopolists: rarely consider the potential reactions of rivals. experience economies of scale. that oligopolists can increase their profits through collusion. may be either homogeneous or differentiated.

Answer:

1. A small number of firms produce a large proportion of industry output.

2. A firm that is large may be able to produce at a lower unit cost than can a small firm.

3. That oligopolists can increase their profits through collusion.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

I. Mutual interdependence between the firms.

II. Market control by many small firms.

III. Difficult entry to new firms.

Under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.

1. The mutual interdependence that characterizes oligopoly arises because a small number of firms produce a large proportion of industry output.

2. If there are significant economies of scale in an industry, then a firm that is large may be able to produce at a lower unit cost than can a small firm.

3. Game theory can be used to demonstrate that oligopolists can increase their profits through collusion.

The correct answers to the given statements are as follows: 1. The mutual interdependence that characterizes oligopoly arises, 2. A firm that is large may be able to produce at a lower unit cost than can a small firm, and 3. Game theory can be used to demonstrate that oligopolists may be either homogeneous or differentiated

1. The mutual interdependence that characterizes oligopoly arises because: the demand curves of firms are kinked at the prevailing price. In an oligopoly, firms consider the potential reactions of their rivals when making decisions about pricing, production, or other strategic choices. The kinked demand curve model suggests that firms in an oligopoly face a demand curve that is elastic above the prevailing price and inelastic below it. This creates a situation where firms are interdependent, as a change in price or output by one firm can lead to reactions from other firms in the market.

2. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. Economies of scale refer to cost advantages that arise when the scale of production increases. When there are significant economies of scale, a larger firm can spread its fixed costs over a larger output, resulting in lower average costs per unit compared to a smaller firm. Therefore, a large firm may be able to produce at a lower unit cost than a small firm in such an industry.

3. Game theory can be used to demonstrate that oligopolists: may be either homogeneous or differentiated. Game theory is a mathematical framework used to analyze strategic interactions between decision-makers. In the context of oligopoly, game theory can be used to study how firms with interdependent decisions behave and make strategic choices. It can apply to both homogeneous oligopoly (where firms offer similar products) and differentiated oligopoly (where firms offer distinct products).

However, note that the statement "oligopolists can increase their profits through collusion" is missing from the given options. Collusion refers to an agreement among firms to coordinate their actions in order to maximize joint profits. While collusion is a potential strategy for oligopolistic firms to increase profits, it is not explicitly mentioned in the given choices.

learn more about oligopolists: https://brainly.com/question/13658628

#SPJ6

Income received by households through the lending of their money to corporations and business firms is an example of
income.

What's the answer I need help ASAP!!

f the Federal Reserve wants to close an inflationary gap, then it will: A. increase the money supply, increase the interest rate, thus increasing investment spending and GDP, and the AD curve will shift to the right. B. decrease the money supply, increase the interest rate, thus lowering investment spending and GDP, and the AD curve will shift to the right. C. decrease the money supply, increase the interest rate, thus lowering investment spending and GDP, and the AD curve will shift to the left. D. decrease the money supply, decrease the interest rate, thus lowering investment spending and increasing GDP, and the SRAS curve will shift to the right. E. increase the money supply, decrease the interest rate, thus lowering investment spending and increasing GDP, and the SRAS curve will shift to the left.

bought a computer for ra 25000
double column cash book with discount and cash column ​

What is 35% off $116.09?​

DUE TODAY PLEASE HELP T^T

When completing a self-assessment, you should think about the cultural environment in which you want to live.
False
True

(24^0)+(4^0). solve this problem fast​

Besides the full scale, the number of basic scales used in dimensioning plans and drawings is _______.

DUE TODAY PLEASE HELP T^T
After you complete your self-assessment, you should compare it with a description of your career choice.

False
True

Alicia is conducting research on consumer behavior. The study requires her to note the number of people who shop at Fresnas Mart, a grocery store, in the afternoons during weekdays. She also needs to pay attention to the customers' preferred brands, the customer service, and the arrangement of items in the store. She needs to conduct the study without interacting with the customers so that she does not influence their behavior and choices. In this scenario, Alicia is conducting a(n) _____.

I need q 4 and 5 please:)

Competitive dynamics refers to the: a. circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity. b. set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position. c. ongoing actions and responses among all firms competing within a market for advantageous positions. d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.

Ben was a salesperson for a manufacturing firm in the late 1920s. Which of the following would his employer most likely have asked him to do? a. Find out what customers really want and how the company can change its products to better meet customer needs. b. Simply take orders from customers and turn them in to the company. c. Nothing, because at this time production lagged well behind customer demand. d. Use high-pressure sales technique to sell more of the company's high production output. e. Develop long-term relationships with clients.

Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are capable of doing. The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas. This, in turn, ensures job enrichment. Based on this information, identify the pay structure being utilized by Heightened Homes. Select one: a. straight piecework plan b. skill-based pay systems c. merit pay system d. differential piece rates e. standard hour plan

.A manufacturing business has purchases of raw materials of $4,500, closing inventory of $1,400 and opening inventory of $800. What is the cost of raw materials used in production?

Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic competency?
A personal competency is something you are born with, whereas an academic competency is something a teacher gives you
A personal competency is something warned from schooling, while an academic competency is something learned through reading
A personal competency is a skill that is part of your character or personality, whereas an academic competency is generally learned through schooling
A personal competency is something that you cannot develop, whereas an academic competency is something that you can learn

100 point question + brainliest


Mike Oxmore has 69 apples, Moe Lester has 420, what is the mass of the sun?

Identify each statement as either true or false. In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. Banks typically loan out a portion of customer deposits. Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. The fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs.

Se venció una letra de cambio por $2,000 hace tres meses y se cobra el 1% mensual más IVA (16%) de intereses. Cual es el ajuste

(ASAP NEED THIS NOW!)
Which was the first home entertainment technology to disrupt the movie industry?


A. Radios

B. Cable Television

C. Livestreaming

D. Video Cassette Recorders

please help 15 points if right brainliest

The other forms and methods of startup capital—the ones that don’t use the money of outside investors—are collectively referred to as bootstrapping. False True

I am working on a new app what should i do should i call it, its a app to make new friends and not be lonely

Lisa Campos was interested in buying a coffee pot to use at college and a cassette player for her sister's birthday present. At the local discount store, she compared prices on coffee pots and chose the cheapest. She read the product information on each cassette player and finally chose one with stereo headphones and a rechargeable battery. For Lisa, the coffee pot was a. a convenience product, but the cassette player was a specialty product b. a heterogeneous shopping product, but the cassette player was a staple c. an impulse product, but the cassette player was a convenience product d. a specialty product, but the cassette player was a heterogeneous shopping product e. a homogeneous shopping product, but the cassette player was a heterogeneous shopping product

Say you are grocery shopping and you come across an item for which the unit price is not labeled. How can you find the
unit price on your own?

Specialty store manager Terri is evaluating her employees for the first week of March. Her part-time sales associates have a sales goal of $5,000 per week, and a conversion rate goal of 60%. Keeping track of how many customers came into the store during her shifts, sales associate Suzy had 120 customers enter the store that week during her shift. Her sales indicate 65 separate transactions for a total sales amount of $4803. Suzy's conversion rate for the week is _______ and her Meeting Quota ratio is _______

Which of the following statements would come from someone classified as unemployed? Question 25 options: I can't stand my current job as a telemarketer. I used to be a nuclear engineer. I'm a full-time student at the University of Illinois who doesn't have time to work. I'm not working because I'm going to Jamaica with my buddy. I'm not working. I had three interviews this week, and I'm trying to find a job. I haven't had a job in a year, and I stopped looking for a job nine months ago.

The time attendance system in the production division at MM, an automobile manufacturing company, was malfunctioning. Consequently, Greg Hill, one of the front-level managers, sent it for repair. In the meantime, he placed a register where all workers of the production division had to provide their time of entry and exit from office. At the end of the week, when looking through the time logs, he had certain concerns about a group of employees. In the next week, he personally tracked the time this group of employees spent working and realized that they were reporting a greater number of working hours than they actually worked. This group engaged in a barrier to communication called _

Economists assume we are all making the most reasonable decisions with our resources, but how do you explain people paying $40,000 for a "Hermes Birkin Bag" or $2000 for "Kanye West's Sneakers"?

Date
Page
2
2) Marketing is meeting
needs
profitably!
Comment

9.Not Answered 10.Not Answered Question Workspace Which of the following statements is CORRECT? a. If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase. b. An increase in inventories will have no effect on the current ratio. c. A reduction in inventories will have no effect on the current ratio. d. If a firm increases its sales while holding its inventories constant, then, other things held constant, its fixed assets turnover ratio will decline. e. A reduction in the inventory turnover ratio will generally lead to an increase in the ROE.