Wastages of Monopolistic competition:1. Unemployment:
Under monopolistic competition, the firms generate less than optimum output. As an outcome, the productive capacity is not employed to the fullest extent. This will lead to redundancy of resources.2. Excess capacity:
Surplus capacity is the difference among the optimum output which can be generated and the real output generated by the firm. In the long run, a monopolistic firm generates an output that is less than the optimum output which is the output corresponding to the minimum average cost. It leads to surplus capacity that is regarded as waste in monopolistic competition.3. Advertisement:
There are number of wastes in competitive advertisements under monopolistic competition. The wasteful and competitive advertisements lead to high price to consumers.4. Too Many Varieties of Goods:
Introducing numerous varieties of a good is the other waste of monopolistic competition. The goods vary in shape, size, style and color. A reasonable number of varieties would be enviable. Cost per unit can be decreased when only a few are generated.5. Inefficient Firms:
Under monopolistic competition, ineffective firms charge prices more than their marginal cost. Such kind of inefficient firms must be kept out of the industry. However, the buyers’ preference for these products enables the ineffective firms to continue to exist. Proficient firms can’t drive out the inefficient firms since the former might not be capable to attract the customers of the later.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Monopolistic Competition help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Monopolistic Competition, project ideas and tutorials. We provide email based Monopolistic Competition help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Monopolistic Competition. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Monopolistic Competition. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
www.tutorsglobe.com offers Construction homework help, Construction assignment help, online tutoring assistance, geometry mathematics solutions by online qualified tutor's help.
Artificial Satellite and Remote Sensing tutorial all along with the key concepts of orbit of the Earth, Satellites in Circular Orbits, Relationship between Radius and Orbital Speed, Period of Satellite, Orbital Radius of Synchronous Satellites, Remote Sensing, Preliminary Remarks, Data Collection, Processing of Remote Sensing Data
www.tutorsglobe.com offers Departmentalization of Overheads homework help, assignment help, case study, writing homework help, online tutoring assistance by accounting tutors.
tutorsglobe.com conversion of acetyl coa assignment help-homework help by online biosynthesis of fatty acids tutors
accounting has a number of rules or conventions which have developed over time. they have developed because attempts to deal with practical problems that are experienced through preparers and users of financial statements.
Linear Integrated Circuits tutorial all along with the key concepts of Digital ICs, Logic gates, Flip-flop, Calculator chip, Memory chip, Operational amplifiers, Advantages of Integrated Circuits, Classification, Monolithic Integrated Circuits, Hybrid or Multi-chip Integrated Circuits
Wait no more and approach the most exceptional Elementary Mechanics Assignment Help service to secure top-notch grades with ease.
Origin, Evolution and Structure of the Solar System tutorial all along with the key concepts of Sun's Interior, Model of the Solar Interior, Origin, Evolution and Structure of the Planets, Pre-Solar Nebula, Formation of Planets
tutorsglobe.com alfred marshall’s definition assignment help-homework help by online nature and scope of economics tutors
Absorption of Water and Minerals tutorial all along with the key concepts of Water Absorption by Roots, Mechanism of water absorption, Factors affecting water absorption, Absorption of Mineral Salts, Transpiration, Structure of Stomata and Guttation
Theory and lecture notes of Proof of equivalence of lock protocol all along with the key concepts of proof of equivalence of lock protocol, hierarchical locks, directed acyclic. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Proof of equivalence of lock protocol.
Cost reduction programme aims at improvement of human efforts at all levels of the organisation which help in reducing costs.
Vertical Deflection Section consists of a vertical driver and an output amplifier. 50Hz waves from vertical oscillator are delivered to the vertical driver Q.
Theory and lecture notes of Two Proportions all along with the key concepts of Two proportions, homework help, assignment help and two parameter testing tutors. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Two Proportions.
tutorsglobe.com ensuring economic stability assignment help-homework help by online objectives of fiscal policy tutors
1936297
Questions Asked
3689
Tutors
1439979
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!