--%>
Assignment Help - homework help

Monopolies in monopolistically competitive firm

Unlike several monopolies, a monopolistically competitive firm in long-run equilibrium produces a level of output where is: (1) price equals marginal cost. (2) pricing is economically efficient. (3) marginal revenue most greatly exceeds marginal cost. (4) price equals average total cost.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Illustration of teleporter market in

    The teleporter market would show a surplus when: (1) teleporter buttons were priced at P3. (2) Q2 teleporter buttons were produced and sold at a price of P2. (3) teleporter buttons were priced at P2. (4) Q

    		•
  • Q : Problem related to aggregate demand

    Refer to the below diagram, in which Qf is the full-employment output. If aggregate demand curve AD1 describes the current situation, appropriate fiscal policy would be to: A) increase taxes and reduce government spending to shift the aggregate d

    		•
  • Q : Increasing return to a factor Describe

    Describe the likely behaviour of total product beneath the phase of increasing return to a factor.

    		•
  • Q : Negative externalities Give the answer

    Give the answer of following question. Negative externalities arise: A) when firms pay more than the opportunity cost of resources. B) when the demand curve for a product is located too far to the left. C) when firms "use" resources without being compelled to pay for

    		•
  • Q : Marginal revenue curve with marginal

    LoCalLoCarbo has turn into the favorite of fad dieters. There in demonstrated figure curve A shows: (i) LoCalLoCarbo’s marginal cost curve. (ii) LoCalLoCarbo’s average variable cost curve. (iii) LoCalLoCarbo’s average total cost curve. (iv) the marke

    		•
  • Q : Substitute goods in cross-elasticity of

    The cross-elasticity of demand among any pair of goods is positive when the goods are: (i) luxuries. (ii) necessities. (iii) complements. (iv) substitutes. Hey friends please give your opinion for the problem of

  • Q : An increase in consumer desire for

    An increase in consumer desire for strawberries is most likely to: increase the number of strawberry pickers needed by farmers. reduce the supply of strawberries. reduce the number of people willing to pick strawberries. reduce the need for strawberry pickers

    		•
  • Q : Amount of goods or resource under

    The amounts of a good or resource which sellers will offer beneath different conditions are termed as its: 1) Supply. (2) Availability. (3) Market. (4) Equilibrium. (5) Surplus. Find out the right answer from the above options.

    		•
  • Q : How much loss an industry bear How much

    How much loss can an industry bear? Answer: An industry can bear losses up to its total fixed costs.

    		•
  • Q : Determine unskilled labor for minimum

    A minimum legal wage of $5 per hour in this market for unskilled labor would: (w) have no effect on employment or the wages paid. (x) create new jobs for 3,000 unskilled workers. (y) move some low-skilled workers above the poverty line. (z) create une

    		•