Draw the diagram of a firm in monopolistic competition that is in the long run and another diagram for a monopoly firm making profits   draw the diagrams and explain please

Q: Explain the difference between Pure Competition and Pure Monopoly Market!

A: A place where buyers and sellers meet to carry out the exchange of goods and services is called a…

Q: The accompanying graph depicts average total cost (ATC), marginal cost (MC), marginal revenue (M),…

A: A monopolistic competitive firm maximises its profits, he will produce at a price where Marginal…

Q: ** The following graph shows the marginal revenue (MR), demand (D), marginal cost (MC) and average…

A: 1. Optimal output occurs where Marginal Revenue is equal to the Marginal Cost. It is depicted by Q*.…

Q: he graph below is for Chic and Sharpe Ltd., a firm in the women’s garment industry, which is…

A: Hi Student, thanks for posting the question. As per the guideline we are providing answers for the…

Q: Draw a diagram depicting a firm that is making a profit in a monopolistically competitive market.

A: A market is the collection of buyers and sellers. There are different forms of markets based on…

Q: For a monopolistic competitor: Choose correct and explain your choice a. P=MR. b. P>MR. c. P=MC.…

A: The answer is - b. P>MR

Q: The following diagram shows the structure of cost and demand facing a monopolistically competitive…

A: A monopolistically competitive firm produces at the intersection point of MR and MC.  If a…

Q: What are some characteristics of a monopolistic competition and the number of firms (a few, one,…

A: Monopolistic competition exists where there are many firms that offer goods and services that are…

Q: Explain and show using a graph how the long run outcome in monopolistic competition differs from…

A: A monopoly is a market-structure that consists of only one seller and many buyers. Monopolistic…

Q: Monopolistic competition creates inefficiency because of the Price markups and excess capacity. The…

A: Monopolistic competition is an imperfect market condition which is characterized by the presence of…

Q: Use the graph below to explain the output, profit and loss conditions for monopolistically…

A: A monopolistically firm earns profit when MR = MC. In this case MR = MC at output 40 and when the…

Q: What is monopolistic competition? 30 words

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

Q: the profit-maximizing output level and profit of a monopolistic firm by drawing a graph give an…

A:

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: MC AC UN \MR, \MR D, Q, Q. D. Quantity (a) Profit induces entry; shift to zero profit Price ($)

A: Given the diagram of monopolistically competitive firm, initially the equilibrium occurred at point…

Q: Discuss the long-term effects in a monopolistically competitive market if an existing firm is making…

A: Monopolistic competition is a blend of perfect competition and monopoly. Monopolistic competition…

Q: Suppose the figure to the right shows the demand curve for a monopolistically competitive firm. Show…

A: Above given graph is representing the demand for the monopoly market, as shown in the graph it is…

Q: Draw and explain a diagram to show the long-run equilibrium in a monopolistically competitive…

A:

Q: The graph shows the demand, marginal revenue, marginal cost, and average total cost curves of La…

A: The firm maximizes its profit or minimizes its losses at the point where the marginal cost of…

Q: Discuss the long-term effects in a monopolistically competitive market if an existing firm is making…

A: A monopolistic competitive firm maximizes its profits, he will produce at a price where Marginal…

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: Monopolistic Competition On the next few slides be sure to answer the following questions. What is…

A: Since we only answer up to 3 sub-parts, we will answer the first three. Please resubmit the question…

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: Refer to the above figure. A long-run equilibrium in monopolistic competition is pictured by اختر…

A: Answer: Correct option: option b (panel B) Explanation: In monopolistic competition, the firms earn…

Q: Consider the long-run equilibrium with monopolistic competition. Do you consider it to be efficient…

A: Concept: A monopolistic competition is a market where there are large number of buyers and sellers…

Q: This graph shows a monopolistic competitor   Group of answer choices   in the short run breaking…

A: Monopolistic competition: The monopolistic competition is a market structure which is characterized…

Q: The graph shows the cost curves, demand curve, and marginal revenue curve of a firm in monopolistic…

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

Q: Give an example and explain the profit-maximizing output level and profit of a monopolistic firm by…

A: Monopolistic competition refers to an imperfect market structure in which many firms and buyers. The…

Q: The diagram below illustrates a firm under monopolistic competition: (a) Label the curves Curve I,…

A: The above graph shows the situation of monopolistic competition. Which means that demand curve will…

Q: What are the assumptions of a Monopolistic Competition market structure? Briefly distinguish the…

A: An industry in monopolistic competition is one composed of an enormous number of little firms who…

Q: Draw a graph of a firm making positive profits in an industry of Monopolistic Competition.

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

Q: The graph shows the demand, marginal revenue, marginal cost, and average total cost curves of La…

A: Here, the given graph shows the cost, revenue and demand function of La Bella Pizza firm is a…

Q: With the aid of a diagram explain how a monopolist determines how much output to produce and what…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: WataDine is one of a city’s many restaurants that serve breakfast, lunch, and dinner in a…

A: Monopolistic competition is a model of the market in which several enterprises compete with one…

Q: The diagram below illustrates a firm under monopolistic competition: (a) Label the curves Curve I,…

A: Under monopolistic competition , there are a few sellers who sell products that are differentiated…

Q: Explain the profit-maximizing output level and profit of a monopolistic firm by drawing a graph.

A: Monopoly exists when a firm or an individual is  only seller of the comodity, good or service. A…

Q: With examples explain the long-run characteristics of firms in monopolistic competition Use the…

A: Firms in the long run under monopolistic competition earn a normal profit as the market is…

Q: Use the following graph for a monopolistically competitive firm to answer the next question. (2) (1)…

A: Marginal revenue(MR) is the change in the Total Revenue(TR) on account of the sale of an additional…

Q: Monopolistic Competition has a little of monopoly and a little of competition, hence its name. Do…

A: Monopolistic competition is imperfect competition market.

Q: Open the link below to display a graph of a monopolistic competitive firm. monopo1.jpg 1. The profit…

A: The monopolistic competition is a market type which is characterized by a large number of sellers…

Q: a) draw a graph for monopolistic competition market that is in long run equilibrium marking the…

A: Monopolistic competition is a market structure that is the most common market structure in the…

Q: Monopolistic market structure is characterized by large number of buyers and seller selling close…

A: Market structure refers to the place where the transaction of goods and services takes place between…