question archive Q 1) What is the price leadership model of Oligopoly pricing and what are its tactics? Q 2)" In monopolistically competitive markets, neither allocative nor productive efficiency is realized" explain
Q 1) What is the price leadership model of Oligopoly pricing and what are its tactics? Q 2)" In monopolistically competitive markets, neither allocative nor productive efficiency is realized" explain
Subject:EconomicsPrice: Bought3
Q 1) What is the price leadership model of Oligopoly pricing and what are its tactics?
Q 2)" In monopolistically competitive markets, neither allocative nor productive efficiency is realized" explain.
Q 3) Do you agree that companies under monopolistic competition can have a profit in the long run?
If yes, why? if no, why not?
Q 4) Compare MPP (marginal Physical product of labor) and MRP (marginal revenue product of labor).
Q 5) In kinked demand curve of Oligopoly, if a company increases its price, how do its competitors react? If a company cuts its price, how do its competitors react?
