Is monopolistic competition efficient and socially desirable for the welfare of the economy

A monopolistic firm operates in two separate markets, Market A and Market B. The firm can sell its product at different prices in each market due to different demand conditions. In Market A, the firm faces a demand curve given by Q_A = 100 - P_A, where Q_A is the quantity demanded in Market A and P_A is the price charged in Market A. In Market B, the demand curve is Q_B = 80 - 2P_B, where Q_B is the quantity demanded in Market B and P_B is the price charged in Market B. The firm has a total production capacity of 120 units. What price should the firm charge in each market to maximize its total revenue?

If the price is less than actual total cost for a monopolistic competitive firm, does the firm make a profit, loss, or break-even?

Which of the following is a characteristic of monopolistic competition? Group of answer choices Same products Competition only over price Easy entry and exit. One firm

Define monopolistic competition. Explain the characteristics of monopolistic competition

Which of the following market types are allocatively efficient?   Question    Monopoly   Oligopoly   Monopolistic competition   None of the above

Why does consumer surplus decline when monopolies are present?

Does the monopolistic firm make a profit, loss, or zero economic profit in the long run?

for a monopolistic firm, its demands is p=200- 0.25Q while MR =200-0.5Q if its MC=20 how much it should produce to maximize its profit? for a monopolistic firm, its demands is p=200- 0.25Q while MR =200-0.5Q if its MC=20 how much the firm should charge? for a monopolistic firm, its demands is p=200- 0.25Q while MR =200-0.5Q if its MC=20 calculate its maximizing profit