Several firms are operating in a market where they take the other firms' response to their actions into account. This market is: Multiple Choice a monopolistically competitive market. a competitive market an oligopolistic market. a monopoly.

Q: Monopolistic Competition.. A market with monopolistic competition is the second-most competitive…

A: There are various types of market structures- perfect competition, oligopoly, monopoly and…

Q: In monopolistic competition, a firm Has a standardized product that all firms produce. O Captures…

A: Monopolistic competition portrays a firm wherein a large number of organizations offer items or…

Q: A market in which there are only a few firms and each is able to influence the market price is…

A: Oligopoly market:   The oligopoly market is the market structure with small number of large seller…

Q: Monopolistically competitive firms are considered inefficient in allocating society’s resources for…

A: please find the answer below.

Q: The monopolistically competitive industry is most similar to (answer) in the number of firms and…

A: Monopolistic Competition is an imperfect competition market. Imperfect Competition means having…

Q: An industry having a four-firm concentration ratio of 25 percent Multiple Choice O approximates pure…

A: There are various structures of the market in the economy including oligopoly, perfect competition,…

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: In monopolistic competition, a firm is in long run equilibrium

A: To find : When will be firm in long run equilibrium.

Q: The goal of product differentiation and advertising in monopolistic competition is to make: Multiple…

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

Q: which situation at the following, _______ is the market dominated by only one seller/company?…

A: Types of market structures  Perfect Competiton Monopolistic Competition Oligopoly Monopoly  The…

Q: A monopolistically competitive firm has some control over the price of its product if it can…

A: A monopolistic competitive market is characterized by large number of buyers and sellers. The firms…

Q: Monopolistic competition differs from perfect competition because in monopolistically competitive…

A: The correct option is  faces a horizontal demand curve at the market clearing price

Q: Each firm in a monopolistically competitive industry faces a downward-sloping demand curve because…

A: Monopolistically Competition: It is a market where there are many sellers, selling differentiated…

Q: Which of the following markets would have the least amount of concentrated power? Oligopolistic…

A: Market concentration is a measure that indicates the decision making power that small firms have in…

Q: The larger the number of firms in a monopolistic competition situation:

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: In a monopolistic competition market structure it is likely that if a company is earning profits it…

A: A) in perfect competitive market:- 1) in perfect competitive market, there are many number of…

Q: true or false Consumers are generally worse off under competitive markets than under monopolistic…

A: In case of perfect competition, there are large number of buyers and sellers. The sellers sell…

Q: The feature that distinguishes monopolistic competition from perfect competition is that…

A: However, in economics, the term "market" refers to a market for a commodity or commodities rather…

Q: In the monopolistic competition market structure which of the following is true? firms sell slightly…

A: A monopolistic market structure can be understood as a market where there is a single seller…

Q: In a monopolistically competitive industry, a firm in long run equilibrium will be operating where…

A: Monopolistic competition is a market structure which merges elements of a monopoly and competitive…

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: A firm operating in monopolistic competition is maximizing its profit and earning negative economic…

A: In monopolistic competition, there are many sellers with some market power. Marginal revenue lies…

Q: Due to low barriers to entry, monopolistic competitive firms can earn ____________ in the long run.…

A: In monopolistic competition, there are many buyers and sellers in the market. Sellers have some…

Q: A monopolistically competitive industry is similar to a perfectly competitive industry in that firms…

A: To determine how a monopolistically competitive industry is similar to a perfectly competitive…

Q: In a monopolistically competitive industry with zero profits, each firm will produce less than the…

A: In monopolistic competitive market there are many firms selling the differentiated goods.

Q: Consider a monopolistically competitive market with N firms. Each firm’s business opportunities are…

A: The main objective of every firm is to maximize its profits. Profits are maximized when the…

Q: Explain five types of pricing strategies adopted in the monopolistic competition market structure

A: 5 types of pricing strategies in monopolistic competition market. Competition based pricing Cost…

Q: A firm in monopolistic competition faces demand of P = 446 – 2.5Q. Their costs are represented by…

A: The firm produces at MR=MC MR=446-5Q ........ An MR curve is double sloped than inverse demand curve…

Q: All firms in a monopolistically competitive industry face a ________ demand curve, so they have…

A: Monopolistic Competition refers to a form of market in which there are large numbers of buyer with…

Q: If monopolistically competitive firms in an industry are making an economic profit, then new firms…

A: A monopolistic competition is a market structure where there are large number of sellers producing…

Q: You are hired as the consultant to a monopolistically competitive firm. The firm reports the…

A: Here, two pricing situation of a monopolistic firm is given. A Monopolistic firm has different…

Q: For each of the following characteristics, check which types of firm it describes: a monopoly firm,…

A: Monopoly: A monopoly is a market structure, which is characterized by a single seller selling a…

Q: Due to a successful advertising campaign, a monopolistic competitor experiences an increase in…

A: The advertising campaign will attract new customers. Therefore, the firm’s demand curve will shift…

Q: When the excess capacity problem under monopolistic competition becomes greater, there will be:…

A: In monopolistic competition, there are a large number of firms which produce differentiated products…

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: Suppose a monopolistically competitive firm is in long-run equilibrium. The firm's demand curve is…

A: Under a monopolistically competitive market, the firm faces a downward sloping demand curve and…

Q: A monopolistically competitive firm earning profits in the short run will find the demand for its…

A: 1) more substitutes are available because new rivals have entered the market.

Q: A market with significant barriers to entry and a single price-setting firm. A market with no…

A: There are various market structures in the economy: perfect competition, monopoly, monopolistic…

Q: Conditions needed for the success of a monopolistic competitive market is controlled production and…

A: There are four main forms of markets which are perfect competition, oligopoly, monopoly, and…

Q: The theory of monopolistic competition explains economic behaviour in industries in which there are…

A: Answer: In monopolistic competition, there are many firms selling differentiated products. Since the…

Q: A decrease in the number of competitors in a monopolistically competitive market causes an increase…

A: Answer - monopolistically competitive market:- It is the market where is no barrier or entry and…

Q: When production is undertaken by a monopolistic firm as opposed to a firm in a perfectly competitive…

A: The market forms are two types: Perfect and Imperfect forms. These includes markets like Perfect…

Q: In a market where firms are monopolistically competitive: Group of answer choices There is one firm…

A: Introduction Monopolistic Competition. It a market where many firm producing the similar product but…

Q: You are hired as a consultant to a monopolistically competitive firm. The firm reports the following…

A: In monopolistic competition, price is will be greater than marginal revenue (MR).

Q: Since products are differentiated in_____ each firm faces a downward sloping demand curve, and firms…

A: There are different market structures with different characteristics like number of firms, entry…

Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.