Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
QUESTION 42 If there are large fixed costs due to research and development, perfect competition does...
Question 18 (3 points) Long-run equilibrium in perfect competition and in monopolistic competition are similar because,...
Question 18 (3 points) Long-run equilibrium in perfect competition and in monopolistic competition are similar because, in both, firms: make zero economic profit. O have excess capacity. O produce at the minimum point of the average total cost curve. Oset price equal to marginal cost.
In perfect competition as well as in monopolistic competition, a. profit is positive in a long-run...
In perfect competition as well as in monopolistic competition, a. profit is positive in a long-run equilibrium for each firm. b.entry and exit by firms are restricted. c. there are many firms in a single market. d. marginal revenue is equal to price for each firm. ECTION 22 Monopolistic competition differs from perfect competition because in monopolistically competitive markets a. all firms can eventually earn economic profits. b. each of the sellers offers a somewhat different product. C. strategic interactions...
4. Is monopolistic competition efficient? Suppose that a firm produces polo shirts in a monopolistically competitive...
4. Is monopolistic competition efficient? Suppose that a firm produces polo shirts in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve. Place a black point (plus symbol) on the graph to indicate the long-run monopolistically competitive equilibrium price and quantity for this firm. Next, place a grey point (star symbol) to indicate the minimum average total cost the firm faces and the quantity...
Please Help Question 24 0.16 pts The concept of markup under monopolistic competition would best be...
Please Help
Question 24 0.16 pts The concept of markup under monopolistic competition would best be described as the attempt of firms to make their products look like those of other firms in the industry, thus "marking them up" in a similar style. O difference between the marginal cost and the price of the monopolistic competitor. difference between total revenue and total cost of the monopolistic competitor O difference between the average total cost and the price of the monopolistic...
4. Is monopolistic competition efficient? Suppose that a firm produces wool jackets in a monopolistically competitive...
4. Is monopolistic competition efficient? Suppose that a firm produces wool jackets in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve. Place a black point (plus symbol) on the graph to indicate the long-run monopolistically competitive equilibrium price and quantity for this firm. Next, place a grey point (star symbol) to indicate the minimum average total cost the firm faces and the quantity...
Please Help Question 13 0.16 pts An industry (such as California cheese) might advertise so that...
Please Help
Question 13 0.16 pts An industry (such as California cheese) might advertise so that its product (cheese) O will now be viewed as homo O may be characterized by a horizontal demand curve. O will be sold in perfectly competitive markets. O is no longer viewed as homogeneous. O will now have a price elasticity of demand that is more elastic. geneous for all producers. Question 14 0.16 pts Firms in a monopolistically competitive industry produce monopolistic goods...
In which market structure is there a large number of firms producing slightly differentiated products? O...
In which market structure is there a large number of firms producing slightly differentiated products? O A. either perfect competition or monopolistic competition O B. monopoly O C. only perfect competition O D. only monopolistic competition O E. oligopoly Which of the following is an example of a two part tariff? O A. price discrimination based on the buyers' willingness to pay B. higher sales tax on specific products O c. a regulated firm uses marginal cost pricing for some...
36) When a monopolist sells the same product at different prices and the prices are not related to cost differences, we have B) price differentiation. D) monopoly pricing A) price discrimination...
36) When a monopolist sells the same product at different prices and the prices are not related to cost differences, we have B) price differentiation. D) monopoly pricing A) price discrimination C) marginal cost pricing. 37) 37) Monopolies misallocate resources because A) price does not equal marginal cost B) profits are usually positive. C) marginal cost does not equal average total cost. D) price does not equal average total cost. 38) 38) Which of the following assumptions is true about...
Which market structure can earn long-run economic profits? a. Perfect competition b. Monopolistic competition c. Oligopoly...
Which market structure can earn long-run economic profits? a. Perfect competition b. Monopolistic competition c. Oligopoly d. Monopoly e. c and d only All firms produce where a. marginal benefits are greater than marginal profits b. short-run profits are less than long-run profits c. marginal revenues are greater than or equal to marginal costs d. average total costs are greater than marginal costs A perfect competitor is a __________ and can earn economic profits ____________. a. price maker, in both...
if a firm is in monopolistic competition, then their marginal revenue: will be less than the...
if a firm is in monopolistic competition, then their marginal revenue: will be less than the price will be above the price O will be the same as price will be the same as marginal cost no matter how much is produced. the firm will expand and earn larger and larger profits. O profits will continue because barriers to entry are high. other firms will imitate the firm, causing their cost to increase until price is equal to average cost...
Question 18 (3 points) Long-run equilibrium in perfect competition and in monopolistic competition are similar because, in both, firms: make zero economic profit. O have excess capacity. O produce at the minimum point of the average total cost curve. Oset price equal to marginal cost.
In perfect competition as well as in monopolistic competition, a. profit is positive in a long-run equilibrium for each firm. b.entry and exit by firms are restricted. c. there are many firms in a single market. d. marginal revenue is equal to price for each firm. ECTION 22 Monopolistic competition differs from perfect competition because in monopolistically competitive markets a. all firms can eventually earn economic profits. b. each of the sellers offers a somewhat different product. C. strategic interactions...
4. Is monopolistic competition efficient? Suppose that a firm produces polo shirts in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve. Place a black point (plus symbol) on the graph to indicate the long-run monopolistically competitive equilibrium price and quantity for this firm. Next, place a grey point (star symbol) to indicate the minimum average total cost the firm faces and the quantity...
Please Help
Question 24 0.16 pts The concept of markup under monopolistic competition would best be described as the attempt of firms to make their products look like those of other firms in the industry, thus "marking them up" in a similar style. O difference between the marginal cost and the price of the monopolistic competitor. difference between total revenue and total cost of the monopolistic competitor O difference between the average total cost and the price of the monopolistic...
4. Is monopolistic competition efficient? Suppose that a firm produces wool jackets in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve. Place a black point (plus symbol) on the graph to indicate the long-run monopolistically competitive equilibrium price and quantity for this firm. Next, place a grey point (star symbol) to indicate the minimum average total cost the firm faces and the quantity...
Please Help
Question 13 0.16 pts An industry (such as California cheese) might advertise so that its product (cheese) O will now be viewed as homo O may be characterized by a horizontal demand curve. O will be sold in perfectly competitive markets. O is no longer viewed as homogeneous. O will now have a price elasticity of demand that is more elastic. geneous for all producers. Question 14 0.16 pts Firms in a monopolistically competitive industry produce monopolistic goods...
In which market structure is there a large number of firms producing slightly differentiated products? O A. either perfect competition or monopolistic competition O B. monopoly O C. only perfect competition O D. only monopolistic competition O E. oligopoly Which of the following is an example of a two part tariff? O A. price discrimination based on the buyers' willingness to pay B. higher sales tax on specific products O c. a regulated firm uses marginal cost pricing for some...
36) When a monopolist sells the same product at different prices and the prices are not related to cost differences, we have B) price differentiation. D) monopoly pricing A) price discrimination C) marginal cost pricing. 37) 37) Monopolies misallocate resources because A) price does not equal marginal cost B) profits are usually positive. C) marginal cost does not equal average total cost. D) price does not equal average total cost. 38) 38) Which of the following assumptions is true about...
if a firm is in monopolistic competition, then their marginal revenue: will be less than the price will be above the price O will be the same as price will be the same as marginal cost no matter how much is produced. the firm will expand and earn larger and larger profits. O profits will continue because barriers to entry are high. other firms will imitate the firm, causing their cost to increase until price is equal to average cost...
Most questions answered within 3 hours.
-
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 17 minutes ago -
Your friend is interested in the characteristics of fast tree
planters. He searched through the records...
asked 25 minutes ago -
. 0.67 g of Ag is deposited electrolytically from
AgNO3 after a certain period of time...
asked 26 minutes ago -
assuming that the boric acid, h3po3 present at the end of the
borax tritation has a...
asked 25 minutes ago -
When a carbonate solution is acidified, carbon dioxide is
produced.
2H+(aq) + CO32-(aq) → H2O(l) +...
asked 1 hour ago -
A reaction has the following rate law: Rate =
kr[A][B]2. In experiment 1, the
concentrations of...
asked 1 hour ago -
king owns a large number of public pay phones. as rhe use of
payphones decline deamatically,...
asked 1 hour ago -
3.7 - A book is sitting on a table. The mass of the book
is 1...
asked 1 hour ago -
Which term describes the process by which a single strand of DNA
serves as a template...
asked 1 hour ago -
LAB FOOD DRING
ANSWER THE QUESTIONS:
Q1. What value is the moisture content versus time and...
asked 1 hour ago -
You are told that an object has zero acceleration. Two forces on
the object are: F_1...
asked 1 hour ago -
The usual starting point for preparing a master budget is
forecasting or estimating:
Multiple Choice
Sales....
asked 1 hour ago