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 Monopolistic competition model, at the 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...
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....
Explain Short run and Long Run equilibrium of monopolistic competition firm. Explain why the perfectly competitive firm at long-run equilibrium produces an output for which long-run average cost is minimized. Is this output profit-...
We study stability and instability of short-run and long-run equilibria of mo-nopolistic competition with product differentiation. Since monopolistic competi-tion is not either a game of complete information or of incomplete information, there should exist dynamic adjustment process of prices in market...
1) In the short run what is the similarity in relation to profits in a monopoly and a monopolistic competitive market? Is there a difference in the long run? Explain (graph might be helpful) 2) Expl Explain how the very nature of competition will, over...
Answer to: Long run equilibrium for a perfectly competitive firm occurs when Select one: a. P MC MR ATC b. MC MR AFC ATC c. MC MR P ATC d. P MC MR...
(A)What are the main difference between perfect competition and monopolistic competition market structures?(B)Compare and contrast over the long-run if subnormal profits are being made in short-run.(use diagrams to help explain your answer)
Which type of firm is most likely to have zero economic profit in the long run: monopoly, oligopoly, monopolist competition or perfect competition? Explain. In which market structures is the firm able to earn long-run economic profits? A. Perfect...
What are the profit-maximizing conditions under monopolistic competition in the short-run? What are the profit-maximizing conditions under monopolistic competition and monopoly both in the short-run? What is the profit-maximizing condition for a monopolist...