User Account

All Pages

Discuss about monopolistically competitive firms

Assignment Help Microeconomics
Reference no: EM131600130

Question: One source of inefficiency in monopolistic competition is that

a. because price is above marginal cost surplus is redistributed from buyers to sellers.

b. because price is above marginal cost, some units are not produced that buyers value in excess of the cost of production and this causes a deadweight loss.

c. monopolistically competitive firms produce beyond their efficient scale.

d. monopolistically competitive firms earn economic profits in the long run.

Reference no: EM131600130

Questions Cloud

The key to coke brand recognition : Would you agree that consistency and repetition are the key to coke brand recognition?What would you do differently if you were a coke marketing manager?
Measurement objective when recording guarantees : Are investments in life insurance within the scope of derivative accounting guidance? What is the initial measurement objective when recording guarantees?
Talking about something that relates to people personally : Talking about something in a way that really relates to people personally
How common stocks would be used in corporate environment : Contrast the differences/similarities of common stocks and bonds. Explain how they would be used in the corporate environment.
Discuss about monopolistically competitive firms : One source of inefficiency in monopolistic competition is that monopolistically competitive firms produce beyond their efficient scale.
Major elements of etsy competitive strategy in e-commerce : What are the major elements of Etsy's competitive strategy in e-commerce? How well do the pieces fit together? Is the strategy evolving?
Valuation of constant growth stock : Valuation of a constant growth stock A stock is expected to pay a dividend of $2.25 at the end of the year
Use of the word competition in terms of market structure : The use of the word "competition" in the name of the market structure called "monopolistic competition" refers to the fact.
What is annual carrying costs of post card inventory : What is the annual carrying costs of post card inventory

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd