--%>
Assignment Help - homework help

Problem on Monopolistic Competition

When fifty fast-food restaurants belonging to fourteen various chains are strung along an eight mile stretch of highway, it is an illustration of: (1) a primitive cartel. (2) pure competition. (3) monopolistic competition. (4) an oligopoly.

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

   Related Questions in Microeconomics

  • Q : Increase profits of quantity selling by

    When a monopolist was selling a quantity which marginal revenue [MR] is greater than marginal costs [marginal costs [MC] in that case this could increase profits by: (w) raising price. (x) increasing output. (y) raisi

    		•
  • Q : Technology and human knowledge in

    The procedure in which the technology and human knowledge are employed to apply energy to convert materials to make the materials more precious is known as: (1) Social overhead. (2) Capitalism. (3) Production. (4) Construction. (5) Profit-seeking.

    Q : Morphological attribute After the

    After the morula phase what is the subsequent stage? What is the morphological attribute which defines this phase?

    		•
  • Q : Coefficient of price elasticity Why the

    Why the coefficient of price elasticity of demand is is negative?

    		•
  • Q : Economic profits for most firms I have

    I have a problem in economics on Economic profits for most firms. Please help me in the following question. Economic profits for most of the firms will generally be: (1) The similar as their accounting profits. (2) Bigger than their accounting gains. (3) Less than the

    		•
  • Q : Problem on purchasing newly-issued

    Can someone please help me in finding out the accurate answer from the following question. The individual who purchases a newly-issued corporate bond is: (i) Borrowing money from corporation. (ii) Lending money to corporation. (iii) Purchasing a share of corporation.

    		•
  • Q : Maximum economic profit operates in new

    When this competitive firm operates at point d in demonstrated graph, in that case this: (w) could increase profits by expanding output to q5. (x) maximizes economic profit [ as area P2P1de], but these profits will eva

    		•
  • Q : Equilibrium Market Price by Rate of

    Assume that an existing apartment complicated is predicted to generate a consistent net of $1,250,000 cash flow per year into rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When th

    		•
  • Q : Union Shop Agreements The union shop

    The union shop agreement needs that the worker: (1) Join the labor union prior to beginning to work. (2) Pay union dues even when selecting not to join union. (3) Join the union soon subsequent to being hired. (4) Freely select to join or not join union.

  • Q : Depreciation expense The Realto Theatre

    The Realto Theatre purchased a new projector costing $37,000 on January 1, 2010. Since of changing technologies, the projector is predictable to last five years after which it will be obsolete and contain a salvage value of $1,000 as a collectors item. Compute the