what is monopolistic competition? (50 WORDS)

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TC 50 TR 40 30 20 10 10 15 20 25 30 Quantity (units per day) 34) The figure above shows a monopoly's total revenue and total cost curves. The monopoly's economic profit is positive if it produces between A) 0 and 20 units. B) 5 and 20 units. C) 0 and 15 units. D) 0 and 5 units. Total revenue and total cost (dollars per day)

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You own Athleticon, which manufactures athletic wear.  Your new contract  with Atlanta United, a professional soccer team, allows Athleticon to be the sole suppler of athletic wear with the “Atlanta United” logo.  No one lese can manufacture athletic wear with the “Atlanta United” logo.  What do you think will be Athleticon’s  level of profitability on the sale of “Atlanta United” athletic wear? Explain why. Your contract with Atlanta United only lasts 3 years.  It was not renewed.  Other firms can now manufacture athletic wear with the “Atlanta United” logo It is now 5 years after your contract with Atlanta United was terminated. Any manufacturer that wants to can manufacture and sell athletic wear with the “Atlanta United” logo.  What do you think will be the level of profitability and rate of return on manufacturing athletic wear with the “Atlanta United” logo?  Explain why.

PRICE (Dollars per bike) 500 450 400 350 300 250 200 150 100 50 0 0 MC 50 100 150 ATC MR 200 250 QUANTITY (Bikes) Demand 300 350 400 450 500 Monopolistically Competitive Outcome Given the profit-maximizing choice of output and price, the shop is making hp Profit or Loss shops in the industry relative to the long-run equilibrium. n profit, which means there are

How do the results of a competitive industry compare with that of a monopolistic industry? Group of answer choices -Competition results in lower prices and greater production. -Competition results in higher prices and higher production. -Competition results in higher prices and lower production. -Competition results in lower prices and lower production.

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15 Jlgw Batelco is working in ...market with STC and Zain Monopolistic market (A Perfect competition (B Oligopoly Monopoly (D

es Mailings Review View Help a v v Po E-E-FEAT 也。 Paragraph rrice and cost Jaollars per uni 80 60 40 20 ity: Investigate V D 0 20 40 60 80 100 Quantity (units per week) 27) Refer to Figure 13.2.2. To maximize economic profit, this firm in monopolistic competition charges a price of ? 28) Refer to Figure 13.2.2. To maximize economic profit, this firm in monopolistic competition produces an output of? 29) Refer to Figure 13.2.2. This firm in monopolistic competition A) is incurring an economic loss. B) is in long-run equilibrium. C) is making an economic profit. D) must raise its price to maximize economic profit. E) will make more economic profit in the long run. (DELL) O O J MR MC Normal ATC No Spacing Styles Heading 1