Due to the entry and exit of firms in a monopolistically competitive market:A.economicprofitsandeconomiclossesaredissipatedinthelongrun.B.economicprofitspersistinthelongrun,butnoteconomiclosses.C.economiclosseswillexistinthelongrun,butnoteconomicprofits.
We develop a new monopolistic competition model with variable elasticity and multi-product firms; each chooses its output and product range. We derive a conditions on (non-specified) utilities and costs for certain market outcomes. Larger market size (larger country, or opening trade) always leads...
In the long run, firms in monopolistic competition produce at a level that is ___ the efficient scale of output. A. less than B. equal to C. more than D. All of the above are possible depending on market conditions. 相关知识点: 试题来源...
In a monopolistically competitive market, having a large number of firms in the market means that: a. No firm attempts to take into account the reaction of rival firms, b. Individual firms will have a large portion of the market giving them monopoly power ...
If the market for products produced by firms in a monopolistically competitive industry becomes ___, then there will be ___ firms and each firm will produce ___ output and charge a ___ price.的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷
How does the demand curve faced by a monopolist differ from the demand curve faced by a perfectly competitive firm? Explain why the demand curve facing a monopolist is less elastic than one facing a firm that operates in a monopolis...
A monopolistically competitive market A.may have too many or too few firms, and the government can intervene to achieve the optimal number of firms.B.may have too many or too few firms, but the government can do little to rectify the situation.C.usually has too many firms, reducing the...
Monopolistically competitive firms A. have market power because they can set price above marginal cost. B. have no market power because they earn zero economic profit. C. have no market power because of free entry. D. have no market power because price equals marginal cost. ...
Question: If firms are earning positive economic profit in a monopolistically competitive market, which of the following is most likely to happen in the long run? a. some firms will leave the market b. firms will join together to keep others from e...
essays in firms heterogeneity and international trade.heir effect on welfare in a monopolistic competition model with heterogeneous firms and technologica S Demidova - Dissertation Abstracts International, Volume: 70-01, Section: A, page: 0266.;Adviser: Kala Krishna. 被引量: 0发表: 2006年 Firms in...