if a monopolistic firm takes over a perfectly competitive market we would expect to see the market price of the good to?

Q: What is true about the price that is charged in the short run by a firm in monopolistic competition?…

A: In monopolistic competition, the firm sells the product at a price when its marginal cost is equal…

Q: Assume a monopolistic publisher has agreed to pay an author 10 percent of the total revenue from the…

A: No, the publisher and the author will not charge the same price. In the case of the situation, the…

Q: A product market has only one seller.. There are no close substitutes for the product. What type of…

A: In Economics, different market types are determined based on various factors like the nature of…

Q: Monopolistically competitive firms in a market face the following demand and costs, where P is…

A: Given; Demand function; Q=200N-P                            P=200N-QTotal Cost; TC=8+Q2

Q: Gaynor is the only manufacturer of gas pumps that automatically refill. Gaynor can earn a profit on…

A: In a competitive market firms can earn positive profit in short run but will earn zero economic…

Q: When firms in monopolistic competition are making an economic profit, firms will a.enter the…

A: In monopolistic competitive market, there are large number of firms selling differentiated goods…

Q: Provide some examples of goods/services you buy from a highly competitive market and some examples…

A: A perfect competitive(PC) market and monopolistic market are two markets with different…

Q: if a product moves from being monopolistic to a monopoly will the demand for the industry decrease?…

A: Monopolistic competition is a market structure with a large number of firms and buyers. The firms…

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: do you think monopolistic profit is a social cost? explain

A: Monopoly refers to the market structure where there are a single seller and many buyers. Given that…

Q: Monopolistically competitive firms are most likely to have profits: A. That are higher than…

A: In a monopolistic competition , each seller is intensively involved in the sale of a differentiated…

Q: A monopolistic competitor maximizes proft by producing 165 units at a marginal cost of $8. The…

A: GIVEN DETA   A monopolistic competitor maximizes proft by producing 165 units   a marginal cost of…

Q: n the graphs below, which one best describes the short-run equilibrium, and which one best describes…

A: In the given graphs:- Basics of equilibrium:- When Marginal Revenue is equal to Marginal Cost and…

Q: Assume that the firm in the short run is earning super normal profit. Explain what will happen to…

A: Monopolistic competition is an imperfect competition where there is a large number of sellers…

Q: Assume a monopolistic publisher has agreed to pay an author 15 percent of the total revenue from the…

A: No, the publisher and the author will not charge the same price. In the case of the situation, the…

Q: A monopolistically competitive firm maximize profit where

A: Monopolistically competitive:- Monopolistic competition describes an economy where several…

Q: Monopolistic competition has which drawback compared to a monopoly?

A: From the side of consumer monopolistic competition is always better than monopoly but in case of…

Q: f a monopolistically competitive firm is earning positive economic profit in the short run, then new…

A: In Monopolistically competitive market, the sellers sell differentiated products which are close…

Q: Do you expect that an increase in the price of a product generates a larger decrease in quantity…

A: When talking about a monopolistically competitive market, it can be said that there ar relatively…

Q: How do perfectly competitive firms, monopolists, monopolistically competitive firms, and cartels…

A: Basics:- Profit maximization condition in all the market types:- Marginal Revenue = Marginal Cost…

Q: Is there a difference between a graph showing a monopolistically competitive firm's profit in the…

A: The demand curve of a monopolistically competitive firm is more elastic than the demand curve of a…

Q: Monopolistically competitive firms in the long run will do which of the following? They will produce…

A: Monopolistic competition is a form of imperfect market structure with the features of more firms…

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: In the long run,the selling price of a monopolistically competitive firm's product is equal to the…

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

Q: If the price is greater than Actual total cost, does the monopolistic firm makes a profit, loss, or…

A: Monopolistic competition is a market structure with many seller selling differentiated products from…

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

A: Monopolist competition may be a sort of imperfect competition wherever they sell differentiated…

Q: if a monopolistic firm takes over a perfectly competaive market we would expect to see market price…

A: Features of perfect competition 1) large number of buyers and sellers selling homogenous goods 2)…

Q: monopolistic competitive markets, one effect of successful advertising is that    Question 13…

A: In monopolistic market, product differentiation occurs ie. similar products exist in the market.…

Q: Answer all four questions! Is a monopolistically competitive firm productively efficient? How can…

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

Q: In the short run, the price charged by a monopolistic competitor is equal to his marginal cost.…

A: Monopolistic competition refers to a market structure where many firms produce and sell…

Q: Demand Demand QUANTITY (Bikes) Which of the following statements are true about both monopolistic…

A: Answer-

Q: does a monopolistic competitor produce too much or too little output compared to the most efficient…

A: A monopolistic market is characterized by many sellers selling differentiated products, imperfect…

Q: How is the perceived demand curve for a monopolistically competitive firm different from the…

A: The demand curve is defined as the relation between the quantity demanded and the price level. It…

Q: In the long run, monopolistically competitive firms produce a level of output such that:

A: In the long run firms have complete freedom to enter and exit the monopolistic market. And they can…

Q: How does the short run differ from the long run in a monopolisticallycompetitive market?

A: A form of inconsistent competition is monopolistic competition so that multiple suppliers market…

Q: Monopolistically competitive firms could increase the quantity they produce and potentially lower…

A: Profit maximization condition of a monopolistically competitive firm is where, MC = MR. so, they try…

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

A: Monopolistic competition- It is an imperfect competition in which there are many producers who sell…

Q: Markbury is a monopoly selling widgets. If the government imposes a $100 000 tax on every…

A: Markbury is a monopoly selling widgets. If the government imposes a $100 000 tax on every…

Q: “Monopolistic competition is monopolistic up to the point at which consumers become willing to buy…

A: A monopolistically competitive market is the one which has a large number of sellers who use…

Q: Will there be profits in the long run in a monopolistically competitive market?

A: A monopolistically competitive market is the market structure in which characteristics of both a…

Q: for a monopolistic firm, its demands is p=200- 0.25Q while MR =200-0.5Q if its MC=20 how much it…

A: here we calculate the profit maximizing , Quantity and Price by using the given information which…

Q: Monopolistically competitive firm's are similar to monopolies in that they are able to earn economic…

A: Monopoly is a market structure where in there is only one single firm and there are heavy barriers…