Explain why the monopolistic competitor is neither resource allocative efficient nor productive.

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

See More Books

Question Posted: Feb 12, 2016 07:45 AM

See More Questions

Explain why the monopolistic competitor breaks even in the long run.
1. Explain why the monopolistic competitors demand and marginal revenue curves are not the same. 2. Graphically show a monopolistic competitors short-run profit-maximizing price and quantity.
Is monopolistic competition efficient?
Mary, Ali and Nzioka are trading as Mali enterprises. They share profits and losses in the ratio of 2 = 1 1 respectively. The following is a statement of comprehensive income for the year ended 31st...
Is there a strong correlation between the number of miles driven by a salesperson and sales volume achieved? Data were gathered from nine salespeople who worked territories of similar size and...
This dome (hemisphere) is located below the water surface as shown. Determine the magnitude and sign of the force components needed to hold the dome in place and the line of action of the horizontal...
Climate Change In July 2015, a poll asked a random sample of 1,236 registered voters in Iowa whether they agree or disagree that the world needs to do more to combat climate change. The results show...
The ledger of Jung Company includes the following accounts. Explain why each account may require adjustment. (a) Prepaid Insurance. (b) Depreciation Expense. (c) Unearned Service Revenue. (d)...
What might have caused the changes in supply and demand outlined? Outline the various reasons (i) why demand might decrease in this manner and also (ii) why supply might increase this way....
At the beginning of June 2021, Swifty Distributing Company's ledger showed Cash $17.000, Merchandise Inventory $5,800, and D. Swifty, Capital $22,800. During the month of June, the company had the...
1. Graphically compare the monopolistic competitors profit maximizing output with the output that would minimize its unit costs of production. 2. Discuss whether excess capacity is good or bad.
State the three assumptions common to the different theories of oligopoly.
In Problem find (A) f(x), (B) the partition numbers for f, and (C) the critical numbers of f. f(x) = x 1/5
A random walk occurs when: a. Stock price changes are random but predictable. b. Stock prices respond slowly to both new and old information. c. Future price changes are uncorrelated with past price...
Specify an initial portfolio using the asset classes provided in the drop-down menus. What are the equilibrium returns implied by your allocation?
Handling customer orders in the best possible manner is the goal of supply chain strategy. planning. operations. design.
A project budget includes all the costs necessary to operate an organization, including inventory, sales, manufacturing, marketing, and operating expenses. True or False
The radio quiz show Wait Wait!.!.!.!Dont Tell Me! recently asked the following question: Which state has the highest number of vanity license plates? The correct answer is Virginia, where over 10...
In Exercises, a function h(x) is defined in terms of a differentiable f(x). Find an expression for h(x). h(x) = f(f (x))
What are conversion costs? What are prime costs?
In a world without information and transaction costs, financial intermediaries would not exist. Is this statement true, false, or uncertain? Explain your answer.
Why might you be willing to make a loan to your neighbor by putting funds in a saving account earning a 5% interests rate at the bank and having the bank lend her the funds at a 10% interest rate...
Why might you be willing to make a loan to your neighbor by putting funds in a saving account earning a 5% interests rate at the bank and having the bank lend her the funds at a 10% interest rate...
A project that is expected to generate annual after-tax cash flows of $2,200 for each of the next 20 years. The project's cost of capital is 8.5 percent and it has an IRR of 9.058 percent. What is...
Gabbie has to decide between the following two choices: Option 1: Get $320 with probability 35.97%, and $84.15 with the complement probability. Option 2: Get $94.95 with 100% probability. Her utility...
Why are unpaid accruals a "temporary" source of cash? Please give some details and examples.

Explain why the monopolistic competitor is neither resource allocative efficient nor productive.

Question:

Step by Step Answer:

To conclude we can say that the monopolistic compe...View the full answer

Economics

Students also viewed these Economics questions