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.
In the question below there are two conclusions followed by three statements in the options. You have to take the three given statements to be true eve...
Statements:
Only Market are Share.
Some Markets are Stocks.
Only a few Fund is Stock.
Conclusions:
I. At least S...
Statements:
Some silks are fibres.
No fibre is a polyesters.
Some polyesters are nylons.
Conclusion:
I. Somesilks...
Statements: All pens are papers.
Some papers are not books.
All books are pencils.
Conclusions...
Statements: Some laptop are phone.
                            All phone are tablet.
Conclusions:Â Â Â Â I. ...
Three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varian...
Statements: Some flower are plant.
All plant are trees.
Some trees are not forest.
Conclusions: I. some forest are flower.
...Statements:
Some laptops are printer.
All printer are camera.
Some camera are scanner.
Conclusions:
I. Some l...
Statements:
No subject is predicate.
All predicate is vowel.
Only a few vowel is preposition.
Conclusions:
I. No vowe...
Statements:
No waiter is a bar.
Some bars are bottles.
All bottles are drinks.
Some drinks are motels.
Conclusions:
