Comparing monopolistic competition to pure competition

If comparing monopolistic competition to pure competition within the long run: (w) product differentiation definitely improves social welfare. (x) only monopolistic competitors may earn economic profits. (y) only pure competitors operate at minimum ATC. (z) P = MC in both kinds of markets. (e) only pure competitors set as P = ATC.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Relatively inelasticity in supply curve

    At point c, in illustrated figure the supply curve into this graph is: (w) perfectly price elastic. (x) relatively price elastic. (y) unitarily price elastic. (z) relatively inelastic.

    Q : Definition of Featherbedding Can

    Can someone help me in finding out the right answer from the given options. The Featherbedding is: (i) Practiced by the migratory ducks and geese merely. (ii) Practiced by the female song birds each and every spring. (iii) Rousingly substituted by the water-bedding. (

  • Q : Income Elasticities of Demand Question:

    Question: (a)  Suppose the income elasticity of demand for pre-recorded music compact disks is +4 and the income elasticity of demand for a cabinet maker's work is +0.4.  Compare the impact on pre-recorde

  • Q : Describe inferior goods in economics

    Inferior goods in economics: Inferior goods refer to such goods whose demand reduces with the rise in income of consumer.

  • Q : Kinked demand curve of an oligopoly

    The kinked demand curve of an oligopoly model supposes: (w) price increases will be followed. (x) price increases will be matched. (y) price declines will be matched. (z) any price changes will be matched.

    Q : Increase total revenue at a diminishing

    When a monopolist increases output along with elastic demand, then total revenue: (w) increases at a constant rate. (x) increases at an increasing rate. (y) increases at a diminishing rate. (z) All of the above are possible.

  • Q : Explicit Costs of business The Explicit

    The Explicit costs of doing the business would comprise: (i) The value of owner’s time (ii) Depreciation on the company owned truck (iii) The interest that the owner could earn when her savings were not tied up in firm. (iv) Salaries paid to the

  • Q : Jeremy Bentham utilitarianism Possible

    Possible utilization of a ‘felicific calculation’ to recognize punishments for the crimes was derived from: (1) Medieval scholasticism. (2) Say’s Law. (3) Gresham’s Law. (4) Marshall’s Maxim. (5) Jeremy Bentham&r

  • Q : AFC curve What does AFC curve appear

    What does AFC curve appear like? Why does it appear so?

  • Q : Market demand curve Market demand curve

    Market demand curve: The market demand also rises with a fall in price and vice-versa. In figure below the quantity demanded by

©TutorsGlobe All rights reserved 2022-2023.