How is monopolistic competition like monopoly, perfect competition and oligopoly? Why does price equal marginal revenue for the perfectly competitive firm? What is the relationship to the demand curve for the firm?

Q: What makes a monopolistic competitive firm different from that of a monopoly? From an economic…

A: The monopoly market and monopolistic competitive market, both are the market structure, with some…

Q: What are the differences between the two market structures of monopolistic competition and monopoly?…

A: Four different types of market structures in an economy are perfect competition, monopoly,…

Q: Aside from advertising, how can monopolistically competitive firms increase demand for their…

A: Monopolistic competition is an imperfect market structure in which there are large number of buyers…

Q: How might advertising make markets less competitive?

A: We will answer the first question since the exact one was not specified. Please resubmit a question…

Q: Explain monopolistic competition.  How is it similar to perfect competition?  How does it differ…

A: Monopolistic competition is the mixture of Monopoly and competition. It is the market fairly large…

Q: monopolistic competition said to be inefficient?

A:

Q: If firms in oligopoly make less than monopolistic even though they invest more money to run the…

A: Entry and exit barriers are inadequate in monopolistic competition. As monopolistic dominant and…

Q: Look at the figure below. Which diagram is consistent with a monopolistic competitor making zero…

A: Answer to the question is as follows :

Q: Imagine a scenario in which the fashion industry is suffering from monopolistic price gouging and a…

A: The price gouging is a situation when the firms charge high prices that are unfair. The prices of…

Q: if a product moves from being monopolistic to a monopoly will the demand for the industry decrease?…

A: Monopolistic competition is a market structure with a large number of firms and buyers. The firms…

Q: Suppose that, due to a successful advertising campaign, a monopolistic competitor experiences an…

A: In monopolistic competition markets, there are a large number of firms competing with each other in…

Q: How do sellers in the monopolistic competition and monopoly competition compete?

A: Different forms of market structures differ in their level of competitiveness, ranging from highly…

Q: The difference between monopolistic competition and perfect competition

A: Answer to the question is as follows :

Q: What is monopolistic competition characterized by? too few firms, each producing too much too many…

A: In monopolistically competitive market, the sellers sell differentiated produces which are close…

Q: Is the outcome in a monopolistically competitive market desirable from the standpoint of society?…

A: A monopolistic competitive market is the one where firms provide differentiated goods which makes…

Q: If the firms in a monopolistically competitive market are earning economic profits or losses in the…

A: In a monopolistic market, the eqm. occurs at a point where the MR(marginal revenue) and MC(marginal…

Q: Difference between monopolistic competition and oligopoly market in economy ?

A:

Q: Explain with the use of a diagram when a monopolistic corporation maximises its profit

A: Competition: When there are several enterprises in a market, competition between them arises. The…

Q: What is monopolistic competition? Give a real-life example which follows the pattern very closely.

A: Monopolistic competition is one of the 4 main market structures which are:- Perfectly competitive…

Q: How are oligopoly and monopolistic competition alike? How are they different?

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: How is monopolistic competition like monopoly? How is it like perfect competition? Discuss briefly.

A: Monopolistic competition refers to the situation where there are many firms exists in the market.…

Q: What is monopolistic competition?

A: Structure of the market is classified on the basis of number of buyers and sellers, product…

Q: Between Monopolistic competition and Oligopoly, which do you think is better in an economy? Why?

A: Under oligopoly, there are some sellers and a large number of buyers can be seen while the decisions…

Q: Why is product differentiation important in monopolistic competition?

A: Product differentiation refers to one of the characteristics of monopolistic competitiveness in…

Q: what market inefficiencies derive from monopolies and monopolistic competition?

A: The degree to which market prices accurately represent all relevant information that is currently…

Q: Explain how monopolistic competition is different from perfect competition and monopoly in both the…

A: There are four types of market namely, perfect competition, monopolistic competition, monopoly and…

Q: Why is monopolistic competition the most common market structure?

A: Monopolistic competition is a market where differentiated products are being supplied by many firms…

Q: In the short run, the price charged by a monopolistic competitor is equal to his marginal cost.…

A: Monopolistic competition refers to a market structure where many firms produce and sell…

Q: What are businesses or industries in the Philippines is as examples of monopolistic competition?

A: Monopolistic competition describes a market in which a large number of companies compete for the…

Q: does a monopolistic competitor produce too much or too little output compared to the most efficient…

A: A monopolistic market is characterized by many sellers selling differentiated products, imperfect…

Q: How is the perceived demand curve for a monopolistically competitive firm different from the…

A: The demand curve is defined as the relation between the quantity demanded and the price level. It…

Q: How is monopolistic competition like monopoly, perfect competition and oligopoly?

A: Monopolistic Competition is an arrangement of the market where many firms are producing and selling…

Q: In which industry is monopolistic competition most likely to be found?                   Utilities…

A: Monopolistic competition is a kind of market structure where there are several competitors on the…

Q: What factors hinder firms in monopolistic competition from earning economic profits in the long run?

A: Monopolistic competition is a form of imperfect competition where there are a large number of buyers…

Q: what is monopolistic competition economic profit?

A: What is monopolistic competition economic profit? Monopolistic competition is a market structure…

Q: How does the short run differ from the long run in a monopolisticallycompetitive market?

A: A form of inconsistent competition is monopolistic competition so that multiple suppliers market…

Q: Monopolistically competitive firms could increase the quantity they produce and potentially lower…

A: Profit maximization condition of a monopolistically competitive firm is where, MC = MR. so, they try…

Q: How is monopolistic competition like monopoly? How is monopolistic competition like perfect…

A: The market is a gathering of the people on any specific area or online to purchase and sell of goods…

Q: What is the relationship between product differentiation and monopolistic competition? Or is there a…

A: There exist a relationship between monopolistic competition and product differentiation.

Q: Which benefit is shared by both monopolies and oligopolies?

A: A monopoly is a market where there is only one seller with a large number of buyers and there is no…