Easily enter or exit the market in the long run

This graph depicts a short run situation while long run equilibrium has been achieved for a firm along with some market (price-making) power when the firm cannot price discriminate and: (w) has explicit costs but no implicit costs. (x) operates in an industry in that competitors can easily enter or exit the market in the long run. (y) is closely regulated by government to ensure which this does not price discriminate. (z) maintains a constant level of market power because of substantial barriers to entry within the market.

840_Monopolistic Competition1.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Main economic purpose of financial

A financial system's main economic reason is to: (w) channel savings to more efficient and productive uses. (x) print money to assist the government. (y) increase the money multiplier. (z) protect individuals against recessions.

Q : Labor-Leisure Tradeoffs features When

When the real wage increases, an extra unit of: (1) Labor supplied will purchase fewer goods. (2) Leisure is more costly. (3) Output needs more labor time. (4) Capital becomes more highly employed. Find out the right answer from th

Q : Unitarily elasticity and profit

When all costs are fixed in the short run, a monopolist maximizes profit through producing and selling the output level where: (1) demand is price elastic. (2) marginal revenue most greatly exceeds marginal cost. (3) demand is price inelastic. (4) mar

Q : Please In the quintile distribution of

In the quintile distribution of income, the term "quintile" represents: A 5 percent of the income receivers. B 10 percent of the income receivers. C 15 percent of the income receivers. D 20 percent of the income receivers.

Q : Long run economic profits at entry

Unlike firms within pure competition, several unregulated monopolistic firms can potentially: (w) reap long run economic profits when entry barriers prevent competition. (x) generate only normal profits in the long run. (y) sustain consistent economic

Q : Define production possibility curve or

Production possibility curve or PPC: PPC exhibits different combination of a pair of goods, that can be produced with the given resources and method of production, that are fully and proficiently utilized.

Q : Problem on I-Proprietorships The

The business owned and operated by the lone individual is a/an: (i) Unit of labor. (ii) Entrepreneurship. (iii) Corporation. (iv) Sole proprietorship. Can someone please help me in finding out the accurate answer from the above opt

Q : Opportunity Cost to the User An

An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m

Q : Example of Signaling As interviewing

As interviewing for the job as a bill collector for loan shark, Bob states his degree in the martial arts from Hard Knox Reformatory, his summer internship by BreakUrLegs, Inc., and his family connections. Bob’s casual discussion of such credentials is an illust

Q : Determine constant slope of demanded

The slope of this illustrated figure of demand curve for DVD games is: (w) constant. (x) greater at high prices than at low prices. (y) lower at low prices than at high prices (z) unitarily elastic.

Discover Q & A

Leading Solution Library

Avail More Than 1444465 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1945414
Asked

3,689

Active Tutors

1444465

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment