Charges a higher price: Pmonopolist>Pcompetitive 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;...
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...
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...
Some monopolies do maintain research and development because the barriers to entry into the industry may be short-lived, which is true in the case of patents, for instance, which is why drug companies continually spend billions of dollars every year developing new drugs....
Short-Run Equilibrium of Monopoly Firms When the monopoly firms are meant to go through a short run, the profit maximization principle of the monopolistic firms faces scrutiny. In fact, when there is sudden competition arising due to various economic factors, the short-run equilibrium faces the ...
27. A monopoly creates a deadweight loss to society because it earns both short-run and long-run positive economic profits. ANS: F DIF: 2 REF: 15-3 NAT: Analytic LOC: Monopoly TOP: Deadweight loss MSC: Interpretive 28. A monopoly creates a deadweight loss to society because it produces ...
English: Short-run equilibrium of the firm under m... fraser And we will be looking at their strength and weaknesses and also to help us gain some inside knowledge on the market of economics. Monopolistic Economists define monopolistic competition as a market structure characterised by many small...
In the short run, a monopoly shuts down to avoid a loss if its price is below its ( ) at its profit-maximizing quantity; In the long run, the monopoly shuts down if the price is less than its ( ).A.average cost ;average variable costB.average cost ;avera
ar短期损失acar106短期运作中垄断者的关门点shutdownsituationsofamonopolistintheshortrunaar?ac但ar仍然avc时 第 垄断( 10.1垄断及其特征(Monopoly and its Characteristics) 一家或独家企业占有市场。 出售无代用品的差别化产品。 禁止企业进入行业。 不完全市场条件占主导。 10.2障碍种类(Types of Barriers) 法律上...
short-run and long-run, 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 pric...