A. Firms compete against each other
B. Price wars are common
C. Firms use price to win market from competitors
D. Firms collude
A. There is a kink in the marginal cost curve
B. Demand is price inelastic
C. Demand is price elastic
D. non-price competition is likely
In the Kinked demand curve theory ? Read More »
Economics Mcqs, Oligopoly A. Firms cooperate
B. Firms act as part of cartel
C. Firms are competitive
D. Firms are not profit maximisers
The Kinked Demand curve theory assumes ? Read More »
Economics Mcqs, Oligopoly A. Limit
B. Factor
C. Quota
D. Quotient
In a cartel member firms may be given a fixed amount to produce. This is called a ? Read More »
Economics Mcqs, 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.
Collusion is difficult for an oligopoly to maintain ? Read More »
Economics Mcqs, Oligopoly 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
