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 the long run, the price charged by the monopolistically competitive firm attempting to maximize profits ___ a. must be less than ATC. b. must be more than ATC. c. may be either equal to ATC, less than ATC, or ...
However, long-run profits always remain positive as long as the entropy remains finite despite the Market Selection Hypothesis that would predict long-run 0-profit. Allowing for Cournot competition in this economy, we show that if at least one entrant makes accurate predictions, the monopolist ...
Describe how your firm would maximize its short-run profits. What is monopolistic competition and how is it different from perfect competition? What can firms do in monopolistic competition or perfect competition to make the short run last as long as possible,...
国外学经济的进,关于perfect competition and monopolistic competition(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 an...
What is true of a monopolistically competitive market in long-run equilibrium? a. Price is greater than marginal cost. b. Price is equal to marginal revenue. c. Firms make positive economic profits. d 点击查看答案 第7题 给定对未来汇率的预期,国内实际GNP的增加对汇率的短期影响是什么? What ...
Both firms discount profits with discount factor δ<1. In addition, we assume that the incumbent cannot profitably enter the market unless it is active during the second period. Hence, its first period profit, μ is smaller than its investment cost F, (μ < F).16 However, the incumbent'...
The trade-off between current profits and the valuation of future profits induces the firm to increase production beyond the competitive benchmark and cut prices. This policy may result in destroying shareholder value, and does indeed fully wipe out the firm's profit in the limit of the ...
In a changing market shifts in the structure of production capacity can be expected. When carrying out numerical scenario analyses, caution is warranted. We are aware of the limitations of our modelling approach, which is an abstraction of reality. Producers are assumed to maximize profits, but ...
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