With the aid of a diagram explain how a monopolist determines how much output to produce and what price to charge.  b. Explain how the perfectly competitive firm decides whether to operate or shut down in the short run.  c. Explain why firms operating in monopolistically competitive markets probably will not earn an economic profit in the long run.  d. Why does interdependence of firms play a major role in oligopoly but not in perfect competition or monopolistic competition?

Q: How are monopolies and monopolistic competitive firms profitable? Use examples

A: Definition: Monopolistic competition is a market structure which joins components of monopoly and…

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: In the market where marginal revenue equals demand and the market price is: a) monopolistic…

A: In case of perfect competition there are large number of firms selling homogeneous products. There…

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: Theory says that oligopolies should stick to the $500.00 price to maximize revenue (see the graph)…

A: The oligopoly is a type of market structure, which considered by few sellers who exist in the market…

Q: Describe the types of inefficiencies that derive from monopolistic competition.

A: Market structure in an economy can be defined as the organizational characteristics of a market.…

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

A: Note: Since the question contains more than three subparts we are going to answer first three…

Q: With the aid of a diagram explain how a monopolist determines how much output to produce and what…

A: a) Monopolist sets the prices and output level where marginal revenue is equal to the marginal cost…

Q: Which of the following is different about perfect competition and monopolistic competition? a. In…

A: In perfect competition and monopolistic competition, there are many firms with free entry and exit.

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

A: We’ll answer the first question only (c) due to policy. Please submit a new question specifying the…

Q: Directions: Read the following items and fill in the blanks with the correct answer. Choices are…

A: The market consists of many types of markets that are perfect competitive market, monopoly,…

Q: How to maximize profits In:  1- competitive market: 2-monopoly : 3-monopolistic competition :…

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

Q: (1) Are colleges and universities an example of purecompetition or monopolistic competition? Why?…

A: Under pure competition, goods and services are homogeneous and price is fixed, each individual firms…

Q: Explain and show using a graph how the long run outcome in monopolistic competition differs from…

A: A monopoly is a market-structure that consists of only one seller and many buyers. Monopolistic…

Q: If there are many sellers,which kind of market is that? a)Oligapoly b)Monopolistic competition…

A: There are different types of market structures in an economy: 1) Monopoly 2) Monopolistic…

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: In which market structure do firms exist in very large numbers, each firm produ an identical…

A: The market structure is classified into many types, such as, perfect competition, oligopoly,…

Q: a.With the aid of a diagram explain how a monopolist determines how much output to produce and what…

A: Note: Since you've asked multiple subparts, we will solve the first three question for you. If you…

Q: Because a monopolistic competitor has some monopoly power, advertising to increase that monopoly…

A: Because a monopolistic competitor has some monopoly power, advertising to increase that monopoly…

Q: How do sellers in the monopolistic competition and monopoly competition compete?

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

Q: Which particular market structure has no barriers to entry and to exit?  A. pure competition B.…

A: The market structure can be divided into four based on the degree of competition and the type of…

Q: Difference between monopolistic competition and oligopoly market in economy ?

A:

Q: Monopolistic Competition On the next few slides be sure to answer the following questions. What is…

A: Since we only answer up to 3 sub-parts, we will answer the first three. Please resubmit the question…

Q: What does monopolistic competition have in common with monopoly. Do monopolist need advertisement…

A: Market structure is the business environment that prevails for different types of market industries.…

Q: The restaurant business in town is a monopolistically competitive industry in long-run equilibrium.…

A:

Q: Like monopolies, oligopolies may continue to earn economic profit in the long run.   is this true or…

A: An oligopoly market structure is where the market is regulated by a few producers. In such a market…

Q: . Which market condition (Monopoly, Perfect Competition, Duopoly, or monopolistic competition) is…

A: The market structure in which there are a high number of customers and sellers is known as perfect…

Q: how does a firm behaves in monopolistic competition and  explain the outcomes for the firm in the…

A: Monopolistic competition is a type of market structure where there are a large number of buyers and…

Q: a. With the aid of a diagram explain how a monopolist determines how much output to produce and what…

A: Market Structure depicts how firms are being differentiated and also categorised based upon types of…

Q: Describe the types of inefficiencies that derive from monopolistic competition. Use examples

A: Market is the place that helps provide a platform for various transactions which include both…

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: WataDine is one of a city’s many restaurants that serve breakfast, lunch, and dinner in a…

A: Monopolistic competition is a model of the market in which several enterprises compete with one…

Q: What is the prisoner's dilemma? the game that demonstrates the basic problem facing noncolluding…

A: Market is a place where buying and selling of goods and services takes place. Prisoner's Dilemma is…

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…

Q: Monopolistic Competition has a little of monopoly and a little of competition, hence its name. Do…

A: Monopolistic competition is imperfect competition market.

Q: How is monopolistic competition like monopoly? How is monopolistic competition like perfect…

A: The market is a gathering of the people on any specific area or online to purchase and sell of goods…

Q: sing examples expalin how monopolistically competitive and oligopolistic firms use non price methods…

A: Under monopolistic competition, the firms sells differentiated products that differ in terms of…

Q: Give an example of a market that has monopolistic competition and explain how the example you have…

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

Q: What are the “monopolistic” and the “competitive” elements of monopolistic competition?…

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

Q: Which benefit is shared by both monopolies and oligopolies?

A: A monopoly is a market where there is only one seller with a large number of buyers and there is no…

Q: How does monopolistic competition differ from pure competition in its basic characteristics? How…

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

Q: b. Give two examples of price discrimination. In each case, explain why the monopolist chooses to…

A: A monopolist has complete power over the market. He faces the total market demand(DD). Even if there…

Q: Why is there so much advertising in monopolistic competition and oligopoly? How does such…

A: Imperfect market structures are those markets where individual firms have the power to influence the…

Q: Monopolistic market structure is characterized by large number of buyers and seller selling close…

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

Q: An oligopoly is a market structure in which only a few sellers produce similar or identical…

A: In economics, the "structure" of the market is described as different industries that are…