Oligopolist - Study guides, Class notes & Summaries

Topic 11 Monopolistic Competition and Oligopoly Videos1

Topic 11 Monopolistic Competition and Oligopoly Videos1

Views of globalization (Chp 1.4) 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking Location specific advantage = Abundance of strong market demand a...

**What Political views exist on Foreign Direct Investment (FDI)** **answer includes radicalism** Radical View - Hostile to foreign direct investment (FD) Free Market View - Suggests foreign direct investment (FDI) unrestricted by government intervention is the best. Pragmatic Nationalism - Only approves foreign direct investment (FDI) when its benefits outweigh its costs. **What is Resource similarity** The extent to which a given competitor possesses strategic endowment comparab...

Views of globalization (Chp 1.4) 1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Location specific advantage of Natural resource—seeking Strategic goal - Possession of natural resources and related transport and communication infrastructure Location specific advantage of Market-seeking Strategic goal - Abundance of strong market demand...

International trade is logically associated with which assumption? A. Resources are less mobile internationally than domestically. B. Resources are more mobile internationally than are goods. C. Imports should exceed exports. D. Exports should exceed imports. E. None of the above. Answer: A 21. Arguments for free trade are sometimes disregarded by the political process because A. economists tend to favor highly protected domestic markets. B. economists have a universally accepted decis...

PCE 9B Exam Questions with Correct Answers (1) by changing their advertising and _pricing_ strategies, firms competing in an oligopoly can affect profits and influence the profits of rivals - ANSWER pricing price leaders make price adjustments - ANSWER infrequently, due tot he uncertainty in rivals' response to these price changes by communicating impending price adjustments to the industry by establishing a price that discourages new entrants into the industry in the graph, the ...

Views of globalization (Chp 1.4) - Correct answer-1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - Correct answer-Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking - Correct answer-Location specific advantag...

University of Louisiana, Lafayette - ECON 528 Module 6 Homework Assignment Started on Monday, 1 October 2018, 1:55 PM State Finished Completed on Monday, 1 October 2018, 10:27 PM Time taken 8 hours 32 mins Marks 15.70/20.00 G rade 7.85 out of 10.00 (79%) Question 1 Correct Mark 1.00 out of 1.00 Which of the following is a characteristic shared by a perfectly competitive firm and a monopoly? Select one: a. Each must lower its price to sell more output. b. Each maximizes profits by producing a qu...

A firm cannot price discriminate if - ANSWER it operates in a competitive market A movie theater can increase its profits through price discrimination by charging a higher price to adults and a lower price to children if it - ANSWER can prevent children from buying the lower-priced tickets and selling them to adults Suppose a monopolist is able to charge each customer a price equal to that customer's willingness-to-pay for the product. Then the monopolist is engaging in - ANSWER perfect p...