Will there be profits in the long run in a monopolistically competitive market? Explain your answer.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
Most likely there will be no profits in the long run in a ...View the full answer
Answered By
Muqadas Javed
I am a mentor by profession since seven years. I have been teaching on online forums and in universities. Teaching is my passion therefore i always try to find simple solution for complicated problems or task grasp them so that students can easily grasp them.I will provide you very detailed and self explanatory answers and that will help you to get good grade. I have two slogans: quality solution and on time delivery.
4.60+
24+ Reviews
144+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Multiple Choice Questions 1. Which of the following is not a source of product differentiation? a. Physical differences in products b. Differences in quantities that firms offer for sale c....
-
Multiple Choice Questions 1. In the long run, which of the following outcomes is most likely for a firm? a. Zero accounting profits but positive economic profits b. Zero accounting profits c....
-
a. In the highly competitive TV manufacturing industry, a new innovation makes it possible to cut the average cost of a 50-inch plasma screen from $1,000 to $600. Most TV manufacturers quickly adopt...
-
What conditions must be met for revenue to be recorded? Can pledges meet those conditions?
-
Manchester Partners International claims that 60% of the banking executives who lose their job stay in banking, whereas 40% leave banking. Suppose 40 people who have lost their job as banking...
-
Paul had type B-negative blood. It is extremely rare. As a consequence, when the blood bank received a request for that type, it called Paul and orally promised to pay him $645 per pint. Paul gave...
-
What is the critical speed map good for?
-
The Mainor School District is about to establish a 30-machine computer lab. It is considering six alternative means of acquiring and nancing the machines: 1. Buy the machines outright; cost will be...
-
What are the concepts underlying a process costing system? How might a company identify and group activities into a particular process? 2. What information is contained in a production report? What...
-
The Highland Cove Resort has an August 31 fiscal year end and prepares adjusting entries on a monthly basis. The following trial balance was prepared before recording the August 31 month-end...
-
Excess capacity is the price we pay for production differentiation. Evaluate this statement in terms of monopolistic competition.
-
Would you expect cartel formation to be more likely in industries composed of a few firms or in those which include many firms? Explain your answer.
-
You have the opportunity to invest $10,000 in one of two companies from a single industry. The only information you have is below. Which company would you select? Justify your choice. Ratios for...
-
Explain how the financial manager might use industry norms in the design of the companys financing mix.
-
Maria is a 26-year-old sales rep for a technology company. She lives in a two-bedroom townhouse with her golden retriever Rex. Maria travels about twice a month, and when doing so, she has three...
-
Alliances are becoming an increasingly popular way for entrepreneurial firms to accelerate growth. However, firms should approach the possibility of forming an alliance strategically and carefully. A...
-
Motorized skateboards have been around since the early 1970s, but until Boosted Boards launched in 2012, almost no one noticed. Started by Stanford University engineering students Sanjay Dastoor,...
-
What is the residual dividend theory?
-
If f(x) = 3x 3 5ax 2 3a 2 x + 5a 3 , find f(x) (x + a).
-
What is the ideal number of children to have? This question was asked on the Sullivan Statistics Survey I. Draw a dot plot of the variable Children from theSullivanStatsSurveyI data set at...
-
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to but houses?
-
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to but houses?
-
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to but houses?
-
Two point charges, -2.4C and 5.616 C, are placed at x = 0 cm and x = 9.7 cm, respectively. Consider the x- axis directed to the right. 1.0p 8a At what point along the x axis is the electric field...
-
As you know, the value of. It is defined as the ratio of the circumference of a circle C divided by its diameter 2r. That is x-C/2. a) Let's assume that you measured a circumference of a circle to be...
-
Figure 3 presents a network where N users are sharing a link of 1 Mbps bandwidth. Users are generating data at a rate of 100 kbps when busy, but are busy generating data only with probability p=0.1....
Study smarter with the SolutionInn App