This generates profit for the monopolist in the short run and long run. Profits will not persist in the long run unless there is a barrier to entry. This can take the form of: control of natural resources or inputs increasing return 9、s to scale technological superiority government-created...
Earns a profit in the long run and short run 一个垄断企业如果不被regulated,它将会减少consumer surplus,增加它的producer surplus,CS的损失>PS的增加,因而导致Deadweight loss 因为在垄断企业选择的生产点时候,产出减少,所以有无谓损失,P>MC;价格大于边际成本;Thus,mutually beneficial transaction go unmade;因而...
3、In a monopoly industry, a firm is most likely to earn an economic profit in:【单选题】 A. short-run equilibrium only. B. long-run equilibrium only. C. both short-run and long-run equilibrium. 相关知识点: 试题来源: 解析 C 完全垄断行业中只有一个企业,产品没有很好的替代品,而且行业...
In this case, the firms are monopolists in the short run when consumers are unable to change their "home heating" systems. In the long run, consumers can change from electric appliances to natural gas appliances and thus lessen the monopoly power of utility providers. As long as consumers ar...
10.7垄断者的短期和长期均衡点(Monopolist’s Short-Run and Long-Run Equilibrium Positions) 由于行业中存在行业进入障碍且没有竞争企业,垄断者能够在长期运作中继续以其超正常、正常或欠正常利润运作。 所以,垄断者的短期和长期均衡点之间没有差别。 复习题(Review Questions) 1.解释垄断条件下价格和产量的计算方法...
The treatment of natural monopoly in textbooks is inconsistent with the distinction typically made between short- and long-run costs. A solution to the pedagogical problem is to introduce different planning horizons and to discuss the waste associated with costly entry and exit from the industry....
while firms inperfect competitionandmonopolistic competitioncould only make profits in the short-run but not in the long-run. In the last section of the report, it provided a case of a Chinese monopolist in the railway service industry and talked about its pricing strategy when studying ...
Monopoly Regulation ◄ Current DocumentMonopolistic CompetitionMonopolistic Competition: Short-Run Profits and Losses, and Long-Run EquilibriumOligopolyGame Theory of Oligopolistic Pricing StrategiesOligopoly Pricing Models ► Economic Resources ► Macroeconomics ► International Economics ► Other Topics...
Price and Output in Monopolistic Competition Profit Maximizing Might Be Loss Minimizing A firm might incur an economic loss in the short run. Here is an example. At the profit-maximizing quantity, P ATC and the firm incurs an economic loss. Price and Output in Monopolistic Competition Long Run...
Monopoly RegulationMonopolistic CompetitionMonopolistic Competition: Short-Run Profits and Losses, and Long-Run EquilibriumOligopolyGame Theory of Oligopolistic Pricing StrategiesOligopoly Pricing Models ► Economic Resources ► Macroeconomics ► International Economics ► Other Topics...