Question

2. Answer all parts of the quests below and show your work for full credit. What...

2. Answer all parts of the quests below and show your work for full credit.

  • What assumptions about a rival’s response to price changes underlie the kinked-demand curve for oligopolists?
  • Why is there a gap in the oligopolist’s marginal-revenue curve?
  • How does the kinked-demand curve explain price rigidity in oligopoly?
  • What are the shortcomings of the kinked-demand model?  

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Calculus - Problem 16 - Answer all parts for full credit and show your work. A...
Calculus - Problem 16 - Answer all parts for full credit and show your work. A right circular cylinder with radius r and height h, both in centimeters, has the property that r + h = 9 centimeters. A. Determine a formula for the volume V as a function of the radius r. (No other variables can be used.) B. Determine an appropriate domain for V as a function of r, and explain briefly. C. Use your function V and...
Free​ Response: You must show your work in order to get full credit. Put work in...
Free​ Response: You must show your work in order to get full credit. Put work in the SHOW MY WORK tab. The rate of defects among CD players of a certain brand is 17 defects per 1000 CD players. A store received 580 CD players. Answer the following​ questions: a. What is the expected number of defected CD​ players? (Round to 2 decimal​ place)       b. What is the probability that among 580 such CD players received by a​ store, there...
Show all your work in detail to receive full credit. Assume that the samples are independent...
Show all your work in detail to receive full credit. Assume that the samples are independent and that they have been randomly selected. 1) In a random sample of 500 people aged 20-24, 22% were smokers. In a random sample of 450 people aged 25-29, 14% were smokers. Construct a 95% confidence interval for the difference between the population proportions p1 - p2. (a) Find the best point estimate for p1 - p2 . (b) Find the critical values by...
TO GET FULL CREDIT, YOU MUST SHOW ALL OF YOUR WORK! 1. Set up the 95%...
TO GET FULL CREDIT, YOU MUST SHOW ALL OF YOUR WORK! 1. Set up the 95% CI for the following information (1 mark) X = 55 N = 26 s = 0.97 LOOK CAREFULLY HERE!
Please show all work. 3) Based on the best available econometric estimates, the market elasticity of...
Please show all work. 3) Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -2. The marginal cost of producing your product is constant at $50. a. What is your optimal per unit price if you are a monopolist? b. What is your optimal per unit price if you compete against one other firm in a Cournot oligopoly? What is your optimal per unit price if you compete against 20 other firms...
Please read carefully. You must show all of your work for full credit. A correct answer...
Please read carefully. You must show all of your work for full credit. A correct answer with no work shown is worth no points, but an incorrect or partial answer with some work shown may be worth partial credit I. The following ANOVA are from an experiment designed to investigate the perception of corporate ethical values among individuals specializing in marketing.                    Anova: Single Factor                                                                                                                                                                                                       SUMMARY                   ...
Answer both questions in full sentences for full credit. Assume you are starting at equilibrium. Adam...
Answer both questions in full sentences for full credit. Assume you are starting at equilibrium. Adam owns an Italian restaurant and is looking to produce much more food. He implements a new technology that results in him letting go of two of his employees. What will happen to his supply and demand model? Which curve shifts and why? What happens to the equilibrium price and quantity for Adam's Italian Food? Peanut butter and almond butter are substitutes. When the price...
For any mathematical computations, you must show your work to receive full credit. 6. If the...
For any mathematical computations, you must show your work to receive full credit. 6. If the null hypothesis in a t-test for two samples is not rejected, what conclusion can be drawn about the two means of the categorical variable? 8. Assume you collected larger samples of individuals to test your null hypothesis in question #6. Specifically, the sample sizes increased to 200 subjects in each group. Do your results and conclusions change from the test of the smaller sample...
In order to get full credit, you need to show all your work. A force Fx...
In order to get full credit, you need to show all your work. A force Fx = cx3 (c = 3.0 N/m3) acts on an object with mass 40 kg that is sliding along a rough horizontal floor (x-axis) with coefficient of kinetic friction of 0.2. What is the work done by the force Fx on this object as it slides from x1 = 0.0 m to x2 = 6.0 m? What is the work done by the force of...
Answer both questions in full sentences for full credit. Assume you are starting at equilibrium. 1.Adam...
Answer both questions in full sentences for full credit. Assume you are starting at equilibrium. 1.Adam owns an Italian restaurant and is looking to produce much more food. He implements a new technology that results in him letting go of two of his employees. What will happen to his supply and demand model? Which curve shifts and why? What happens to the market for Adam's Italian food? 2.Peanut butter and almond butter are substitutes. When the price of almond butter...