Explain why a perfectly competitive firm

Assignment Help Business Management
Reference no: EM132338568

Question

(1) Use a graph to demonstrate why a profit-maximising monopolistically competitive firm must operate at excess capacity. Explain why a perfectly competitive firm is not subject to the same constraint.

Reference no: EM132338568

Questions Cloud

What would you do for the current us economy : As a classical economist or a Keynesian economist, what would you do for the current U.S. economy?
Common resource and a public resource : What is the difference between a common resource and a public resource?
Minimum annual cash flow : Assume that a computer costs $2,000 and that it fully depreciates in 3 years, at which point it has no resale value and is thrown away.
Implementing the new kpi : What could prevent you (organisational constraints) from implementing the new KPI? What needs to be considered?
Explain why a perfectly competitive firm : Explain why a perfectly competitive firm is not subject to the same constraint.
Impact other parts of the world economy : Question: How does Chinese monetary policy impact other parts of the world economy?
Write this game in normal form : a. Write this game in normal form. b. Find each player's dominant strategy, if it exists. c. Find the Nash equilibrium (or equilibria) of this game.
Decrease in the domestic nominal interest rate : Which one of the following factors could have caused the increase in income in this situation?
Process that induces firms to operate at efficient scale : Discuss the process that induces firms to operate at efficient scale in the long run in a competitive market with free entry and exit.

Reviews

Write a Review

Business Management Questions & Answers

  What implications does type of employer-employee

What implications does this type of employer-employee compact raise for you as a future white-collar worker?

  Illustrate what is the annual cost of ordering

Illustrate what is the annual cost of ordering and carrying coffee. Illustrate what factors might cause the company to order a larger or smaller amount than the EOQ.

  Improve economic activity including output and employment

Suggest how a particular policy tool (monetary/fiscal policy) might be used to improve economic activity including output and employment or the price level.

  Organizational structure is departmentalization

One element of the organizational structure is departmentalization. Why is the element important to the overall success of the design.

  What do you believe to be optimal structure-model and why

What do you believe to be the optimal structure/model and why? What role does diversity play in creating an optimal board?

  Relationship between inefficiency and ethical behavior

Based on the response to Hurricane Katrina, what is the relationship between inefficiency and ethical behavior for leaders?

  Assisnment on vision statement vs. mission statement

Normal 0 false false false EN-US X-NONE X-NONE Vision Statement vs. Mission..

  If realloc is unsuccessful what does it return

if realloc is unsuccessful what does it return? What will happen to the existing memory?

  Explain the concept of data mining

Describe how to identify the best customers.- Explain the concept of data mining. Provide five examples of companies that are currently using data mining and explain why each is using it.

  Write a credit refusal to ron kasbekar and rudys camera shop

Write a credit refusal to Ron Kasbekar, Rudy's Camera Shop, 3016 East Lucas Drive, Beaumont, TX 77657. Add any information needed.

  Emotional intelligence can be developed as a team competency

Emotional intelligence can be developed as a team competency. To build team-emotional intelligence, leaders need to create team identity, build trust, examine unhealthy norms, and bring emotions to the surface.

  Sdlc or as a complementary method

Briefly discuss four methodologies or models that can be used to guide the software development life cycle either as a core model to the SDLC or as a complement

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!

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