Firms in monopolistic competition can achieve product differentiation by A. expanding plant size. B. exploiting economies of scale in production. C. advertising special characteristics. D. setting the price equal to average revenue. 相关知识点: ...
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...
We develop a monopolistic competition model with multi-product firms. Both outputs and product ranges are endogenous. Our purpose is to study the impact of an increase in the market size (which can mean opening trade) on the market outcome. In a preliminary version of the model we assume ...
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Advertising by firms in monopolistic competitionA.provides consumers with no useful information.B.does not occur.C.can persuade customers that product differentiation exists.D.wastes resources because the entry of forces firms to be price takers.的答案是
In Monopolistic competition model, atthe long run equilibrium number of firms in the industry, firms have no incentive to enter or exit the industry. If the number of firms is greater than or less than equilibrium number, then firms have an incentive to exit or enter the industry.A.正确B....
C. Advertising expenses are high relative to perfect competition and monopoly. 正确答案:B 分享到: 答案解析: Advertising expenses are high for firms in monopolistic competition. Not only because firms need to inform consumers about the unique features of a firm’s products, but also to create ...
Monopolistic competition differs from perfect competition primarily because___.A.in monopolistic competition, firms can differentiate their productsB.in perfect competition, firms can differentiate their productsC.in monopolistic competition, entry into the industry is blockedD.in monopolistic competition, the...
What is the difference in market outcomes (price, quantity, profit, etc.) between the short run and the long run in monopolistic competition? How do monopolistically competitive firms make short-run and long-run choices? Why is each firm in a monopolistically ...
aMonopolistic competition: It occurs when a large number of firms sell closely related, but not homogenous products. Instead , the products are said to be differentiated and not seen as perfect substitutes by consumers. There is a heavy reliance on non-price actions 垄断性竞争: 它发生,当很大数...