9. Ignoring oligopoly and focusing on the other three types of market structure, in which of those market structures does a profit-maximizing firm charge a price that exceeds marginal cost? monopoly only b. C. d. monopoly and monopolistic competition monopoly and perfect competition monopolistic completion and perfect competition 10. When a monopolistically competitive firm is in long-run equilibrium, what is the case?

Question Help O How might a monopolistically competitive firm continually earn economic profit greater than zero? To earn economic profit greater than zero, a monopolistically competitive firm must A. eliminate excess capacity by producing at minimum average cost. B. differentiate its product and produce at lower average cost than competitors. c. block entry of new firms with government-enforced trademarks. D. rely on chance events. E. be the first firm to enter a market to obtain first-mover advantages.

PLS HELP! MARKET STRUCTURE

An industry comprised of a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions is called: a. monopoly. b. monopolistic competition. c. perfect competition. d. oligopoly.

Ans

32. A market in which there are only a few firms and each is able to influence the market price is termed: a. Perfect competition b. Monopolistic competition O Oligopoly Monopoly

In what sense do monopolistically competitive firms have market power? Question 1Answer a.  Firms in the long run will earn zero economic profits b.  The demand curve that a typical firm faces is negatively sloped c. Because of brand loyalty, a firm can raise the price of its product without worrying that any of its customers will switch to buy other similar brands d.  All of the answers are correct

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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

MICROECONOMICS