"Monopolistic competition has a little monopoly and a little
competition, hence its name." Do you agree ? Why or why not?
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"Monopolistic competition has a little monopoly and a little competition, hence its name." Do you agree...
1) Monopolistic Competition Discussion Please describe a product that you will only buy the name brand of (not the generic version). Explain why you only buy the name brand. Does the name brand cost more than the generic version? Why is it worth the extra money? 2) Monopoly Discussion Question Please describe the personal experience you have had with price discrimination. Remember that in order to be considered price discrimination it has to be the exact same product sold at...
Identify each firm with its proper market structure. a) A wheat farmer Monopolistic competition Natural monopoly Oligopoly Pure competition b) Ford Motor Company Oligopoly Natural monopoly Monopolistic competition Pure competition c) Bird's Eye Peas Oligopoly Natural monopoly Monopolistic competition Pure competition d) Microsoft Windows operating system Oligopoly Pure competition Monopolistic competition Natural monopoly
What kind of business structure(s) (Perfect Competition, Monopoly, Monopolistic Competition, or Oligopoly) would you classify eBay as? Why?
(a) “Monopolistic competition has elements of both competition and monopoly”. Analyze and discuss this statement, paying particular attention to both the short and long run.
The major difference between monopolistic competition and monopoly is A. only a firm in monopolistic competition can earn an economic profit in the short run. B. only firms in monopolistic competition are protected by barriers to entryC. only a monopoly can earn an economic profit in the long run. D. how the quantity of output is determined. E. monopoly is a price setter and a firm in monopolistic competition is a price taker.In the long run, firms in monopolistic competition earn zero economic profit...
Is monopolistic competition closer to competition or closer to monopoly? Discuss with examples.
Place the industries into the proper category (Monopolistic Competition, Monopoly, Competition).Categories Monop. Competition your local electric fast-food restaurants a clothing store in the mall a company that sells bottled water Monopoly the only doctor's office in a town Competition carrot farmers
Structures How does monopolistic competition differ from pure competition in its basic characteristics, from pure monopoly. Explain fully what product differentiation mav involve. Explain how the entry of firms into its industry affects the demand curve facing a monopolistic competitor and how that, in turn, affects its economic profit. Be sure to cite your source(s) For detailed grading criteria, refer to the Discussion Rubric.
H) Do you agree that companies under perfect competition as well as monopoly are enjoying productive efficiency and allocative efficiency? what is condition for productive efficiency and allocative efficiency? Would be greatly appreciated if answer is in 5sentences and by your own, thank you.
A major difference between monopoly and monopolistic competition isOne type of firm has market power, and the other does not.The number of firms in the market.One maximizes profits by setting MR equal to MC, and the other does not.One has a downward-sloping demand curve, and the other does not.