A. Invest heavily in branding
B. Act independently of other firms
C. Try to differentiate its products
D. Try to be a price maker
Firms in oligopoly are likely to ? Read More »
Economics Mcqs, Oligopoly A. Firms are assumed to act independently
B. Firms are assumed to cooperate with each other
C. Firms collude as part of cartel
D. Firms consider the actions of others before deciding what to do
A. An increase in price by the firm is not followed by others
B. An increase in price by the firm is followed by others
C. A decrease in price by the firm is followed by others
D. Firms collude to fix the price
In the kinked Demand Curve theory it is assumed that ? Read More »
Economics Mcqs, Oligopoly A. monopolistic competition
B. Competitively monopolistic
C. Duopoly
D. Oligopoly
If a few firms dominate an industry the market is known as ? Read More »
Economics Mcqs, Oligopoly