Question
In an oligopoly, firms consider the reactions of rival
firms before changing their output or price. This is known as:Solution
Solution: Oligopoly markets are characterized by few large firms, so each firm’s decisions affect others. Because of this, firms anticipate reactions of rivals before making pricing or output decisions. This behavior is called strategic interdependence. Price leadership and collusion are specific strategies within oligopoly.
Who lives on floor number Two?
Who among the following lives to the west of F?
Which of following is/are correct?
Read the directions carefully and answer the following questions.
A, B, C, D, E, and F live on a three floored building. The bottommost floor i...
How many people were born between A and one who likes Sandwich?
Which of the following is the position of the box K?
Six persons D, E, F, M, N and O live in a six storey building but not necessarily in the same order. The bottommost floor is numbered as 1st and the top...
Who among the following live on the odd floor?
I. O
II. J
III. C
Who lives on the ninth floor ?
Which of the followings statements is/are correct regarding Darshi?
