VU Answer Provide Updated ECO401 GDB Solution Fall 2022. Easy to See Complete ECO401 GDB Solution 2022 Idea and Freely Download PDF.
ECO401 GDB 1
Fall 2022
Solution:
According to the scenario, there
is Use of an Oligopoly
Market Structure by Vaccine Companies.
Here are some reasons why it is
adopted.
·
Number
of Firms:
As there are only
9 Companies are allowed to make Covid Vaccine So it is Characteristic of
Oligopoly because there are (2-20) Firms are allowed to operate.
·
Interdependence
It is also a
feature of Oligopoly all firms are interdependent with eachother because all
are doing effort to make a same Vaccine with full effectiveness and least price
budget.
·
Barriers
to Entry and Exit
As WHO allowed
only 9 companies to make Vaccine So they are approved to make it the entry of a
new firm or Company by WHO will be very difficult or exit of existing companies
will also.be very difficult which is feature of oligopoly
·
Group
Behaviour
When Covid
started each and every firm started to work hard to make vaccine of it. The Top
level Companies who are approved and Make effective vaccines they are working
in groups or the employees in them working in a group to findout a better
solution .
Its also a feature of Oligopoly.
Also, Note:
Do not copy the same solution you can make some changes in the solution before submitting the assignment in LMS.
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