Find three examples of monopolistic competition

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Reference no: EM13898030

1. Find three examples of monopolistic competition (four firm concentration ratios of 20 to 40 percent) at www.census.gov/epcd/www/concentration.html. Which characteristic of monopolistic competition described in the text are true for each example?

2. "In the long-run, there is no difference between monopolistic competition and perfect competition." Discuss this statement with respect to the following:

a) The price charged to consumers

b) The average total cost of production

c) The typical firm's profit in the long run.

Reference no: EM13898030

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