If the price is greater than Actual total cost, does the monopolistic firm makes a profit, loss, or break-even?

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: Why do monopolistically competitive firms spend funds for the product development and advertising…

A: (Q) Why do monopolistically competitive firms spend funds for the product development and…

Q: Which of the following points represents the profit-maximizing quantity and price of a monopolistic…

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

Q: Why the demand curve for a firm operating in monopolistic competition is more elastic compared to…

A: Different forms of market structures differ in their level of competitiveness. A monopoly is a form…

Q: How to find the inverse demand function of a monopolistically firm?

A: Monopolistic competition is a kind of market structure in which there are several numbers of…

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: How does the demand curve faced by a purely monopolistic seller differ from that confronting a…

A: A monopoly is a form of market where there is only one producer and provides a unique product. In…

Q: In monopolistic competition, there is a positive economic profit in the long run. True False

A: A monopoly refers to when an organization and its product offerings dominate a sector or industry.…

Q: What is the Price for this  MONOPOLISTIC Market?

A: Monopolistic Market: It is a market where large number of firms exist although their products are…

Q: Why is it difficult to regulate a monopolistically competitive market to increaseefficiency?

A: Different forms of market structures differ in their level of competitiveness, ranging from highly…

Q: Suppose that, due to a successful advertising campaign, a monopolistic competitor experiences an…

A: In monopolistic competition markets, there are a large number of firms competing with each other in…

Q: Because a monopolistic firm must lower the price to increase sales, marginal revenue is ___________…

A: In monopolistic, the MR curve is below the demand curve even when they begin at the same point.…

Q: How does the demand curve faced by a purely monopolistic seller differ from that confronting a…

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

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: For a monopolistic firm, its demand is P = 200 - 0.25Q while MR = 200-0.5Q, if its MC = 20, how much…

A: A monopolistic firm can adjust its output and price in order to maximize the profits. Demand is…

Q: In the long run the demand curve that a monopolistic competitor faces for its product will likely:

A: A monopolistically competitive market is unsustainable in the long run. Furthermore, since a…

Q: Is the outcome in a monopolistically competitive market desirable from the standpoint of society?…

A: A monopolistic competitive market is the one where firms provide differentiated goods which makes…

Q: On a graph for a monopolist or monopolistic competitor, which of the following curves coincide? a)…

A: (2) The demand curve depicts the price at each level of quantity demanded.  Average revenue is…

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: Is a monopolistically competitive firm productively efficient? Is it allocatively efficient? Why or…

A: Monopolistic competition is a kind of imperfect market structure where there is large number of…

Q: Suppose that a monopolistic seller of designer handbags faces the following inverse demand curve:…

A: Given P = 100 – q MC = 20 $ ATC = 20 $ TR = P * q = (100 - q) q = 100q – q2 MR = dTR/dQ = 100 – 2q…

Q: The situation of monopolistic competition is created by

A: Based on the features of the market, number of sellers, type of products, barriers to entry, etc.,…

Q: In the figure below, the profit maximizing quantity for the monopolistic competitor is MC ATC Price…

A: Profit maximizing quantity for the monopolistic competitor is at the point where marginal revenue is…

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: Firms under monopolistic competition earn zero profit because   a) There is not enough demand.…

A: Monopolistic competition is a type of market wherein many firms are present which produce homogenous…

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: As long as _________ exist, a monopolist can earn positive profits in the long run A.Entry barriers…

A: In a monopoly there is a sole producer of a good in the market thus acting as a price maker.

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: The monopolistic competitor faces a demand curve given by q(p)=50-5p.its cost function is c(y)=4y…

A: As economies emerged, economic agents increased their demand for goods and services. Production of…

Q: Would a company selling in a monopolistic competitive market potentially produce a product with a…

A: A Monopolistically competitive firm potentially produces at a point where the Marginal Cost is equal…

Q: In the long run, monopolistically competitive firms will charge price

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

Q: Why can’t firms under monopolistic competition achieve an economic profit in the long run?

A: The gap among the income gained from the selling of an item and the prices of all products included,…

Q: Will there be profits in the long run in a monopolistically competitive market? Explain your answer.

A: The market refers to a place where the buyers, and sellers interact. In a market, the buyers…

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: In which industry is monopolistic competition most likely to be found?                   Utilities…

A: Monopolistic competition is a kind of market structure where there are several competitors on the…

Q: how to calculate equilibrium price and quantity for a monopolistic market

A: The short run equilibrium of the monopolistic market is same as the equilibrium for the monopolist…

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: How does the demand curve faced by a purely monopolistic seller differ from that confronting a…

A: Answer: Demand curve of the purely monopolistic firm: The demand curve of a monopolistic firm is a…