Explain what will happen if firms in a monopolistically competitive industry are earning positive economic profits.

Q: Explain the role of brands in a monopolistic competition market. How can the pricing and profits for…

A: Monopolistically competitive market is one of the four market forms where there are large number of…

Q: 1.) Are Concentration Ratios Low, Moderate or High in a Monopolistic Competitive Market? Explain why…

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

Q: 29) A major distinction between a monopolistically competitive firm and an oligopolistic firm is…

A: Introduction A monopolistically competitive is a market structure in which a large number of firms…

Q: 1- Provide one reason why there is so much advertising in the monopolistic competitive industry?

A: Monopolistic competition happens when an industry has many firms offering items that are…

Q: Explain the importance of advertising in monopolistically competitive industries how does his…

A: In the monopolistic market structure, there exists a large number of firms but every firm in this…

Q: 2. Assume a firm is operating in a monopolistically competitive market. Draw a graph that shows the…

A: A firm in monopolistic competition produces at the quantity where the marginal revenue (MR) is equal…

Q: 8) Which of the following market types has only a few competing firms? A) perfect competition C)…

A: Option A- A  perfect competition market has a large number of firms. The firms are so many that a…

Q: 1.The detergent market is an example of an industry in monopolistic competition. Although there are…

A: As there are more than 3 subparts and we are answering the first 3 subparts only. Please resubmit…

Q: How do monopolistically and competitive markets differ from perfectly competitive markets? If…

A: (Q) How do monopolistically and competitive markets differ from perfectly competitive markets? If…

Q: 4. When firms have agreements among themselves on the quantity to produce and the price at which to…

A: When firms have agreements among themselves on how much quantity to produce and what price they will…

Q: 1. What is oligopoly? 2. What is the difference between monopoly and monopolistic competition?

A: Introduction Oligopoly , monopoly and monopolistic competition are the forms of markets. 1.…

Q: Question 2.2.  In which two market models would advertising be used most often?  Pure competition…

A: There are different forms of market in the economy such as perfectly competitive market, monopoly,…

Q: Economics Compare and contrast Monopolistic Competition and Oligopoly with respect to: 6. Market…

A: In the market of goods and services, price of a commodity is decided at a level where quantity…

Q: Explain what you know about collusion and cartels, including: definition, formation of motives,…

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Q: uestion 1 a. With the aid of a diagram explain how a monopolist determines how much output to…

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

Q: 1)Make a question from the Monopolistic Competition and Oligopoly chapter.   2)What is excess…

A: Oligopoly and Monopolistic competition are th two form of market which is imperfect in nature . They…

Q: please help me 1.Explain what market inefficiencies derive from monopolies and monopolistic…

A: Due to monopolies,prices are raised to a greater extent.This causes inefficiencies in the market by…

Q: 1. How might advertising make markets less competitive? How might it make markets more competitive?…

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

Q: Question 2.2 In which two market models would advertising be used most often?                 Pure…

A: Market model: The market model is utilized to delineate how the powers of gracefully and request…

Q: 4. Monopolistic Competition and Oligopoly a. Briefly discuss how differentiated products in a…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: B. In oligopoly markets there are only a few sellers.

A:

Q: Economics 1. How do firms in an oligopolistic market set their prices? Use specific examples

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Q: 18) The HHI for where have (has) of the market is A. monopolistic competition; four firms each; 25%;…

A: HHI we consider the percentage share of each firm in an industry

Q: Oligopoly t. Induced u. Inelastic Demand

A: Microeconomics: It is a part of economics in which the consumption of individuals will take into…

Q: Identify a perfectly competitive, monopolistically competitve, oligopoly, and monopoly firm that you…

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: e. It is sometimes said that competitors in an oligopolistic industry need a price leader to…

A: An oligopoly is a market structure in which a small number of enterprises have a significant amount…

Q: i)Do you think monopolistic competetion markets operate efficiently?

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Q: 1. define the term explicit and implicit costs, give examples

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Q: 1) Discuss the main features of oligopoly market.   please provide detailed answer

A: Definition An oligopoly is a market structure in which two or more enterprises hold market control,…

Q: Price and cost (dollars per client) 100.00 90.00 80.00 MC ATC 70.00 60.00 50.00 40.00 30.00 20.00…

A: Under monopolistic competition, there are many firms. These firms sell differentiated products. The…

Q: 4. A conceptual difference between a firm operating in a perfectly competitive market and a firm…

A: Perfectly competitive market is characterised by the many buyers and sellers and products are…

Q: Firms compete in different types of market structures. In the real world, most markets are either…

A: 1)a) Monopoly is a market structure where there is single seller and many buyers. The firm is a…

Q: 1. Suppose all firms in a monopolistically competitive industry were merged into one large firm.…

A: Monopolistically competitive industry Monopolistic competition is an imperfect kind of competition…

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: For each of the following characteristics, say whether it describes a monopolistic competitive or…

A: 1. There is a single model to explain the firm's behavior.- Monopolistic market.   Monopoly occurs…

Q: 5- Choose the extremely competitive market structure from the following. a. Monopoly b.…

A: Monopoly, Monopolistic competition, Oligopoly, Perfect competition are four types of market…

Q: Why does interdependence of firms play a major role in oligopoly but not in perfect competition or…

A: In the oligopoly market the output of total market is shared by only few firms.

Q: Compare and contrast the oligopoly and monopolistic competition market structures

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

Q: Question.  What firms in perfect competitive market and monopolistic competitive market have in…

A: The perfect competitive market and monopolistic competitive market, both are the market structure,…

Q: Choose a market for a good that you use often in real life and explain whether the market is perfect…

A: Perfect competition is a hypothetical market structure that can be compared to real-world market…