Describe the firm and industry Organic Pasta and all competitors: Is the industry perfectly competitive, monopolistically...
Describe the firm and industry Organic Pasta and all competitors: Is the industry perfectly competitive, monopolistically competitive, oligopoly or monopoly? Why do you think so?
Homework Answers
Ques: Organic Pasta industry is a monopolistically competituve industry. This is because in this industry there are large no. of buyer and seller which sold differentiated product at a non-uniform prices.
The product of one firm is different from the product of other firm. They differentiated their product in terms of paclaging, advertising, loyality of brand, goodwill etc.
In this market industry spent lot of money on the advertisement so that to attract more buyer etc.
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Describe the firm and industry Organic Pasta and all
competitors: Is the industry perfectly competitive,
monopolistically...
Most retail stores are: monopolistically competitive firms. monopoly firms. perfectly competitive firms. ...
Most retail stores are: monopolistically competitive firms. monopoly firms. perfectly competitive firms. oligopoly firms.
When would advertising be least effective for an individual firm?A. in a perfectly competitive industryB. in...
When would advertising be least effective for an individual firm?A. in a perfectly competitive industryB. in a monopolistically competitive industryC. in an oligopolistic industryD. in a monopoly industryE. Never; advertising is equally effective in all industries.
А. is a price taker. O monopolistically competitive O monopoly O oligopolistic O perfectly competitive firm
А. is a price taker. O monopolistically competitive O monopoly O oligopolistic O perfectly competitive firm
please answer all questions! In the short run, a firm in a monopolistically competitive market operates...
please answer all questions!
In the short run, a firm in a monopolistically competitive market operates much like what type of firm? U a perfectly competitive firm an oligopoly firm O a monopoly O a duopoly When we compare diagrams for firms in different market structures, what do we notice? For competitive firms and monopolistically competitive firms, the revenue curves are similar but the cost curves are quite different. For competitive firms and monopolistically competitive firms, the cost curves are...
Perfectly competitive and monopoly firms are complete opposites. The monopoly demand curve is ___ while the...
Perfectly competitive and monopoly firms are complete
opposites.
The monopoly demand curve is ___ while the perfectly competitive
firm’s demand curve is ___. This is because a monopoly is the only
producer in an industry, so the monopoly firm’s ___ curve is the
same as the market demand curve, while the perfectly competitive
firm produces in a market with ___ competitors.
Perfectly competitive and monopoly firms are complete opposites. Drag word(s) below to fill in the blank(s) in the passage....
Which of the following characteristics differentiates a monopolistically competitive industry from a perfectly competitive industry? A-...
Which of the following characteristics differentiates a monopolistically competitive industry from a perfectly competitive industry? A- Full information B- Barriers to entry in the long run C- Barriers to exit in the long run D- Differentiated product
Compare and contrast the potential for a perfectly competitive firm and a monopolistically competitive firm to...
Compare and contrast the potential for a perfectly competitive firm and a monopolistically competitive firm to earn positive economic profits in the short run versus the long run. Explain your reasoning
For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically...
For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither. Sells a differentiated product from its competitors Has marginal revenue less than price Earn economic profit in the long run Produces at minimum of average total cost in the long run Equates marginal revenue and marginal cost Charges a price above marginal cost
a) Why is a monopolistically competitive firm less efficient than a perfectly competitive firm? It produces...
a) Why is a monopolistically competitive firm less efficient than a perfectly competitive firm? It produces at an output that is lower than its minimum efficient scale (MES) It earns positive economic profits in the long run It deters entry of new firms by putting up entry barriers All of the answers are correct b) Suppose a monopolistically competitive firm has MC=4Q+5. Its demand is P=145-3Q and marginal revenue is MR=145-6Q. What is its profit-maximizing output level? 17 14 16...
3. Unlike a perfectly competitive firm, the monopolistic competitive firm is able to (a little) control...
3. Unlike a perfectly competitive firm, the monopolistic competitive firm is able to (a little) control price. Discuss, why, the position of the firm in the long run, is similar to that of a perfectly competitive one. 4. List the characteristics of a monopolistically competitive market structure. 5. Describe the firm's decision in choosing the profit maximizing or loss minimizing level of output. Illustrate.
А. is a price taker. O monopolistically competitive O monopoly O oligopolistic O perfectly competitive firm
please answer all questions!
In the short run, a firm in a monopolistically competitive market operates much like what type of firm? U a perfectly competitive firm an oligopoly firm O a monopoly O a duopoly When we compare diagrams for firms in different market structures, what do we notice? For competitive firms and monopolistically competitive firms, the revenue curves are similar but the cost curves are quite different. For competitive firms and monopolistically competitive firms, the cost curves are...
Perfectly competitive and monopoly firms are complete
opposites.
The monopoly demand curve is ___ while the perfectly competitive
firm’s demand curve is ___. This is because a monopoly is the only
producer in an industry, so the monopoly firm’s ___ curve is the
same as the market demand curve, while the perfectly competitive
firm produces in a market with ___ competitors.
Perfectly competitive and monopoly firms are complete opposites. Drag word(s) below to fill in the blank(s) in the passage....
3. Unlike a perfectly competitive firm, the monopolistic competitive firm is able to (a little) control price. Discuss, why, the position of the firm in the long run, is similar to that of a perfectly competitive one. 4. List the characteristics of a monopolistically competitive market structure. 5. Describe the firm's decision in choosing the profit maximizing or loss minimizing level of output. Illustrate.
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