The four popular types of market structures include perfect competition, oligopoly market, monopoly market, and monopolistic competition. Which of the following is correct regarding Oligopoly?
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SEBI Grade A (Ph 1 Paper 2 2022)
Nash equilibrium in Cournot equilibrium is based on output.
Correct AnswerCartel is non-cooperative oligopoly.
Incorrect AnswerOligopoly is more competitive than perfect competition.
Incorrect AnswerThere are a lot of frms in Oligopoly.
Incorrect AnswerThere is free entry and exit in Oligopoly.
Incorrect AnswerExplanation:
Nash equilibrium in Cournot equilibrium is based on output.
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By: Parvesh Mehta