 Show Transcribed Image Text:Which of the following is the best example of a monopolistically competitive industry? O land-based long distance telephone service O wheat farming O the local electricity producer manufacturing of shirts O cable television Q: In an monopolistic competitive industry, firms can earn positive economic profits Select one: O a.… A: Monopolistic competition: It characterizes a number of industries that are familiar with consumers… Q: Compared with a perfectly competitive market, a monopolistically competitive firm's demand curve is… A: A Monopolistic competitive market has different pricing policy from a perfectly competitive market… Q: What are the most important differences between perfectly competitive markets and monopolistically… A: A perfectly competitive market defined by multiple buyers and sellers, non-separate products, no… Q: Describe in words at which price and quantity firms in monopolistic competition maximize profits or… A: Monopolistic competition is an imperfect competition where there is a large number of sellers… Q: Which of the following markets/commodities is most likely to fall under monopolistic competition?… A: there is many number of buyers and many sellers.There is product differentiation in this market and… Q: Draw a diagram of the long run equilibrium in a monopolistically competitive market. How is price… A: Monopolistic competition is a market structure, in which many firms sell differentiated products in… Q: \IV hat is true of a monopolistically competitive marketin long-run eqUilibrium?a. Price is greater… A: In a Monopolistically Competitive Market, there are large number of sellers who sell very closely… Q: Question. What firms in perfect competitive market and monopolistic competitive market have in… A: The perfect competitive market and monopolistic competitive market, both are the market structure,… Q: Explain why firms operating in monopolistically competitive markets probably will not earn an… A: The monopolistic competition is a typical market structure within which firms have many competitors,… Q: PLEASE ANSWER ASAP When can you say that a monopolistic competitive market shows a greater market… A: Monopolistic competition is characterized by the presence of many firms producing differentiated… Q: Explain why firms operating in monopolistically competitive markets probably will not earn an… A: In a monopolistically competitive market there are large number of firms producing similar but not… Q: Explain why firms operating in monopolistically competitive markets probably will not earn an… A: monopolistic Competition refers to the market where there are a large number of buyers and sellers,… Q: Explain why firms operating in monopolistically competitive markets probably will not earn an… A: Monopolistic competition refers to a market structure in which there are many sellers of a… Q: The Economic Census revealed that the HHI for fast-food restaruants in the United States is equal to… A: HHI is a measure of market concentration. Q: List the three key attributes of monopolistic competition. • Draw and explain a diagram to show the… A: The three main key attributes of the monopolistic competition: Product differentiation: Each seller… Q: A good example of a monopolistically competitive market would be? Group of answer choices 1-The… A: A monopolistic market is the place where many sellers can enter the market, but they will provide… Q: Classify the following markets as perfectlycompetitive, monopolistic, or… A: Perfect competition is a market structure, which is characterized by a large number of buyers and… Q: 44. Which of the following does a monopolistic competitive firm engage in to try and increase… A: 44) In monopolistic competition, there are many sellers differentiated products this is because… Q: . Discuss why a monopolistically competitive industry is considered "wasteful" of economic… A: ANSWER Lack of specialization: Under monopolistic competition, there is little scope for… Q: Will there be profits in the long run in a monopolistically competitive market? Explain your answer. A: The market refers to a place where the buyers, and sellers interact. In a market, the buyers… Q: explain the output, profit and loss conditions for monopolistically competitive firms. Show your… A: Equilibrium output: Equilibrium output will occur at the point where the marginal cost and marginal… Q: 1. Consider the following graph: Price (dollars per cup) $6.00 MC ATC 3.50 Profit 2.50 Demand 0 1 2… A: Click to see the answer Q: Explain & depict the LongRun equilibrium for a monopolistically competitive firm. A: Monopolistic competition consist of large number of buyers and sellers, selling differentiated but… Q: Fill in the missing data for this Monopolistically Competitive firm. Don't forget to answer the… A: Quantity price Total revenue Marginal revenue Total cost Marginal cost Average total cost total… Q: Which of the following is NOT a characteristic of a monopolistically competition industry? O Sellers… A: Monopolistic competition describes an industry where numerous organizations offer items or… Q: If perfectly competitive firms and monopolistic firms are not commonplace in the United States, why… A: There are various forms of market structure such as perfect competition, oligopoly, monopoly, and… Q: What are the important characteristics for monopolistic competitive firms? Give an example that the… A: Monopolistic competition is a type of market structure which is characterized by more number of… Q: What is the edge of perfect competition to monopolistic competition? What is way more better?… A: Perfect competition: It is a market structure where there exist a large number of buyers and a large… Q: graph depicts the long run average total cost curve for Judy's Gyros - a fast food firm in a… A: In the long run under monopolistic market firms has EXCESS CAPACITY Firms operate at less than… Q: Is a monopolistically competitive firm productively efficient? Is it allocatively efficient? Why or… A: Monopolistic competition is a kind of imperfect market structure where there is large number of… Q: Is a monopolistically competitive firm productively efficient? Is it allocatively efficient? Why or… A: Monopolistic competition is a form of imperfect competition where there are a large number of buyers… Q: Explain the importance of advertising in monopolistically competitive industries . How does this… A: A monopolistic competitive industry and a perfectly competitive industry are types of market… Q: ow many of the following statements are true about monopolistic competition at long run equilibrium A: In Monopolistically competitive market, the sellers sell differentiated products which are close… Q: The table below shows the total cost and marginal cost for Choco Lovers, a monopolistic firm… A: Profit is maximized when firms produce output where marginal revenue is equal to marginal cost and… Q: If the price of the product in a monopolistically competitive market decreases what happens to the… A: A monopolistic market is one with many sellers ith differentiated products that have some specific… Q: Suppose that a firm produces polo shirts in a monopolistically competitive market. The following… A: In monopolistic competition, there are many sellers of differentiated products as there is free… Q: At what point should the monopolistic firm produce in order to maximize its profit in the short run?… A: A Monopolist firm is a firm or group of companies that control and regulate the market for… Q: In monopolistically competitive markets, products are ____ and entry is ____. Select one: a.… A: Basics:- In the monopolistic competitive market There are many firms There is free entry and exit… Q: The table below shows the monthly demand schedule for a good in a duopoly market. The two producers… A: Fixed cost faced by two producers in the market = $4800 Marginal cost= 0 Total cost= Fixed cost +… Q: 3. GB Motor Company produced 600,000 bikes at a price of $440 cach. The company made a profit of $60… A: Monopolistically competitive firm has competition from other firms.If it does not cover its fixed… Q: Suppose the monopolistically competitive barber shop industry in a community is in long-run… A: Click to see the answer Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you ENGR.ECONOMIC ANALYSIS ISBN:9780190931919 Author:NEWNAN Publisher:Oxford University Press Principles of Economics (12th Edition) ISBN:9780134078779 Author:Karl E. Case, Ray C. Fair, Sharon E. Oster Publisher:PEARSON Engineering Economy (17th Edition) ISBN:9780134870069 Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling Publisher:PEARSON Principles of Economics (MindTap Course List) ISBN:9781305585126 Author:N. Gregory Mankiw Publisher:Cengage Learning Managerial Economics: A Problem Solving Approach ISBN:9781337106665 Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor Publisher:Cengage Learning Managerial Economics & Business Strategy (Mcgraw-... ISBN:9781259290619 Author:Michael Baye, Jeff Prince Publisher:McGraw-Hill Education ENGR.ECONOMIC ANALYSIS ISBN:9780190931919 Author:NEWNAN Publisher:Oxford University Press Principles of Economics (12th Edition) ISBN:9780134078779 Author:Karl E. Case, Ray C. Fair, Sharon E. Oster Publisher:PEARSON Engineering Economy (17th Edition) ISBN:9780134870069 Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling Publisher:PEARSON Principles of Economics (MindTap Course List) ISBN:9781305585126 Author:N. Gregory Mankiw Publisher:Cengage Learning Managerial Economics: A Problem Solving Approach ISBN:9781337106665 Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor Publisher:Cengage Learning Managerial Economics & Business Strategy (Mcgraw-... ISBN:9781259290619 Author:Michael Baye, Jeff Prince Publisher:McGraw-Hill Education Is cable television a monopolistically competitive industry?The correct answer is true. A cable television service is a monopolistic competitive service. The service is fully protected through copyright law, and the business owners dominate the television services by acting in the less competitive market.
Which of the following is example of a monopolistically competitive industry?Restaurants, hair salons, household items, and clothing are examples of industries with monopolistic competition. Items like dish soap or hamburgers are sold, marketed, and priced by many competing companies.
What is a monopolistically competitive industry?Monopolistic competition is a type of market structure where many companies are present in an industry, and they produce similar but differentiated products. None of the companies enjoy a monopoly, and each company operates independently without regard to the actions of other companies.
What is an example of monopolistic competition quizlet?An example of a monopolistic competitive industry is: sodas. Monopolistically competitive firms earn zero profits on average because: positive profits cause competitors to enter the market, decreasing demand for each individual firm.
|
Which of the following is an example of a monopolistically competitive industry cable television?
zusammenhängende Posts
Urheberrechte © © 2024 de.apacode Inc.
