how does a firm behaves in monopolistic competition and  explain the outcomes for the firm in the short run and in the long run.

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: Draw the demand, MR, ATC, and MC curves for a monopolistically competitive firm earning economic…

A: Marginal Revenue: Marginal revenue is the additional revenue a firm earns by selling one more unit…

Q: In the long run monopolistically competitive firms are inherently inefficient. do you agree? explain

A: Monopolistic competition is a market structure where many producers sell differentiated goods.…

Q: The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Big Splash,…

A: Economics refers to the social science that studies the production, distribution, and consumption 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: Why is there a price markup over marginal cost in monopolistic competition? a downward-sloping…

A: The Marginal Cost (MC) is the cost of producing one more unit of a good. It is calculated by taking…

Q: Draw a digram showing the effect of a new firm entering a monopolistically competitive market. Your…

A: The firms in the monopolistically competitive market produce differentiated goods and services. The…

Q: The graph shows a firm in monopolistic competition. Use it to illustrate the difference between the…

A: Monopolistic competition refers to the market organization in which there are many sellers of a…

Q: uppose the carwash market is monopolistically competitive and that businesses in this market are…

A: In a monopolistic competitive market there are large number of firms producing similar but not…

Q: Draw a diagram to show the long-run equilibrium of a firm in a Monopolistically Competitive market…

A: Under monopolistic competition, the firm will face a downward sloping demand curve as the products…

Q: What are the four characteristics of a monopolistically competitive industry and what is one example…

A: Monopolistic competition is an imperfect market structure where large number of sellers exist in the…

Q: What is monopolistic competition? 30 words

A: The structure of markets where differentiation and classification are done on basis of competition…

Q: Draw the diagram of a firm in monopolistic competition that is in the long run and another diagram…

A: Meaning of Monopolistic Competition: The term monopolistic competition refers to the situation…

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: Monopolistic competition resembles perfect competition.In what ways are they similar and what makes…

A: The two market situations have the subsequent points of similarities: The number of firms is large…

Q: Identify three items sold by firms in monopolistic competition and explain why you chose them.

A: The Monopolistic Competition is that market structure where there are number…

Q: Explain the characteristics of monopolistic competition . What are the advantages of this market…

A: The measure that depicts the way in which the classification and differentiation of products and…

Q: Monopolistic Competition. Please explain detail with the diagram

A: Monopolistic competition is a market structure which have  combines elements of both monopoly and…

Q: Draw the curve of monopolistic competitive market when experiencing short-term losses, what should…

A: Monopolistic competitive market -short term losses. Short run losses- (ATC-Price)× Quantity.

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: What is  Perfect Competition and how does it work? What is Monopolistic Competition and how does it…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

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: Monopolistic markets tend to operate with some excess capacity. Explain

A: Excess capacity refers to the difference between the optimum output and the actual output produced…

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: 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: What is perfect competition? Distinguish it to monopolistic competition

A: Perfect Competition in actual world is a imaginary market that is it does not exists in the real…

Q: Draw a graph of a firm in an industry of Monopolistic Competition in the long run.

A: Monopolistic competition is a market structure where a large number of sellers and a large number of…

Q: A. How does the demand curve faced by the firm in monopolistically competitive market differ from…

A: A monopolistically competitive market and a perfectly competitive market are similar in many…

Q: Why might Monopolistic Competition be beneficial, why detrimental?

A: Monopolistic competition is a structure of market in which there are many sellers and each of them…