Monopolistically competitive firm are similar to monopolies in that they are able to earn economic profit in the long run. do you agree with this statement? if not then why not?

Q: What are the differences between the two market structures of monopolistic competition and monopoly?…

A: Four different types of market structures in an economy are perfect competition, monopoly,…

Q: Aside from advertising, how can monopolistically competitive firms increase demand for their…

A: Monopolistic competition is an imperfect market structure in which there are large number of buyers…

Q: Monopolistic competition is different from perfect competition in that monopolistically competitive…

A: Monopolistic competition is defined as a market structure in which they are large number of…

Q: How might advertising make markets less competitive?

A: We will answer the first question since the exact one was not specified. Please resubmit a question…

Q: monopolistically competitive market in the long run, the demand function is given as P = 5.00 -…

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

Q: monopolistic competition said to be inefficient?

A:

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: Monopolies and monopolistically competitive firms differ in that monopolies O participate in markets…

A: A monopoly is a single firm in the market and the market has a strict barrier to entry so monopolies…

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

A: Monopolistic competition is a market structure in which there are many firms selling closely related…

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

A: Monopolistic  competition: Monopolistic is a market situation where a large number of firms are…

Q: Refer to Figure#3. With respect to a monopolistically competitive industry, which of the diagrams…

A: Expansion of a market, with new companies/firms, will show adverse impacts on the firms that are…

Q: Which of the following is shared by both monopolistically competitive markets and perfectly…

A: Monopolistic competition:   It is a market structure characterized by the existence of a large…

Q: Monopolistic markets tend to operate with some excess capacity. Explain

A: Excess capacity refers to the difference between the optimum output and the actual output produced…

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: Determine the profit-maximizing output and price, and discuss its implications, if: You are a…

A: Given inverse demand, P=100-QCost, C(Q)=125+4Q2

Q: Which of the following statements is true about the difference between monopoly and monopolistic…

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: 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: Which type of a firm, monopolistically competitive or a monopoly, will have a greater incentive to…

A: A monopolistically competitive market comprises of many sellers supplying similar but differentiated…

Q: In the long-run equilibrium of a monopolistically competitive industry, the zero-profit point is to…

A: The monopolistic competition consist of large number of buyers and sellers, selling differentiated…

Q: What effect does the entry of new firms have on the economic profits of existing​ firms? When new…

A: When new firms enter a monopolistically competitive​ market, the economic profits of existing firms…

Q: Explain how monopolistic competition is different from perfect competition and monopoly in both the…

A: There are four types of market namely, perfect competition, monopolistic competition, monopoly and…

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

A: Answer-

Q: If the price is less than actual total cost for a monopolistic competitive firm, does the firm make…

A: Usually a monopolistic competitive firm can be able to make abnormal profit or loss in the short run…

Q: Suppose that a typical firm in a monopolistically competitive industry faces a demand curve given…

A: Monopolisitically competitive market is the one which has a large number of sellers, selling…

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: What is true of a monopolistically competitivemarket in long-run equilibrium?a. Price is greater…

A: The monopolistically competitive market is mixture of monopoly and perfect competition. There are…

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: Consider the following two industries the yogurt and automobile industry. Which industry would fit…

A: A place where the buyers interact with sellers and determine the mutually agreeable price level at…

Q: Provide an example of an industry that is monopolistically competitive. Regarding average total cost…

A: In a perfectly competitive market, there is a number of buyers and sellers, selling similar…

Q: In the long run the selling price of a monopolistically competitive firms product is equal to he…

A: Monopolistic competition: - monopolistic market structure is the structure in which there is large…

Q: In the long run, firms in monopolistic competition always will a. Earn an economic profit b.…

A: Short-Term Output and Price Decisions The following figure depicts the short-run equilibrium under…

Q: An important difference between the situation faced by a profit-maximizing monopolistically…

A: Firms in the monopolistic market structure there exists a large number of firms competing with each…

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: “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: Monopolistically competitive firms can earn above-normal economic profits in the short run.

A: answer   Monopolistically competitive firms can earn above-normal economic profits in the short run.…

Q: Use a set of graphs to demonstrate how a profit-maximizing monopolistically competitive firm…

A: Answer - Need to find - Use a set of graphs to demonstrate how a profit-maximizing monopolistically…