Monopolistic competition in the long run equilibrium

This figure demonstrates a: (w) long run equilibrium for a firm in a perfectly competitive industry. (x) short run equilibrium for a natural monopoly. (y) short run circumstances for a monopolistically-competitive firm into long run equilibrium. (z) cartel which maximizes joint-monopoly profits for the oligopolists which are members.

827_problem on Monopolistic Competition.png

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

View Complete Question

Related Questions in Microeconomics

Q : Derived Demand for Labor in competition

The faddish popularity of Atkins and South Beach diets both, and both of that advise dieters to eat more meat and to decrease the intake of starchy carbohydrates, most likely decreased incomes most sharply for: (1) grocery store clerks. (2) cattle ran

Q : Demands for consumer for resources

Since demands for resources eventually depend upon consumers’ demands for goods, in that case the demand for labor is: (w) termed as a derived demand. (x) a perfectly elastic demand curve. (y) a perfectly inelastic demand. (z) a horizontal line.

Q : Estimation of total revenue in specific

Total revenue can be measured such as area: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) None of the above.

Q : Minimum Wage Laws-unskilled workers I

I have a problem in economics on Minimum Wage Laws-unskilled workers. Please help me in the following question. The Minimum wage legislation is unlikely to help: (i) Skilled workers who compete by unskilled workers. (ii) Unskilled workers who don&rsqu

Q : Price elasticity of demand on mid point

When 900 tons of gourmet coffee beans are sold per month at $5.40 per pound but sales drop to 500 tons while its price rises to $7.20 per pound, the price elasticity of demand for that coffee based upon the mid-point or say arc formula is: (i) 2.0. (i

Q : Graphical Production Possibilities

Can someone please help me in determining the right answer from the following question. The production possibilities frontier is a graphical device exhibiting the: (i) Alternative allocation methods accessible to society. (ii) Combinations of goods wh

Q : Monopsonist-marginal resource cost Can

Can someone please help me in finding out the accurate answer from the following question. The monopsonist will hire the labor until labor's marginal resource cost equivalents the: (i) Marginal revenue product of the labor. (ii) Marginal physical product. (iii) Value

Q : Demand prices exceeds supply prices

When only Q0 papayas reached the market in that case: (1) desperate buyers would be willing to pay only P1 per papaya. (2) production costs would exceed P2 per papaya. (3) buyers would be indifferent regarding getting additional papaya

Q : Preferential treatment of discrimination

Programs that provide preferential treatment to members of groups which have previously suffered due to discrimination are termed as: (i) redistributive justice. (ii) affirmative action. (iii) compensating variations. (iv) equity considerations. (v) transfer programs.

Q : Monopolistic competitor in market When

When this monopolistic competitor makes Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above.

Discover Q & A

Leading Solution Library

Avail More Than 1438739 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1936783
Asked

3,689

Active Tutors

1438739

Questions
Answered

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

Submit Assignment