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:
Answer rating: 64% (17 reviews)
To conclude we can say that the monopolistic compe...View the full answer
Answered By
Sandip Nandnawar
I am a B.E (Information technology) from GECA and also have an M.C.M from The University of RTMNU, MH.
I worked as a software developer (Programmer and TL). Also working as an expert for the last 6 years and deal with complex assessment and projects. I have a team and lead a team of experts and conducted primary and secondary research. I am a senior software engg and senior expert and deal with all types of CSE and IT and other IT-related assessments and projects and homework.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics 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...
-
Describe the components of the specific and general environments?
-
Expand the following: 1. \(\left(6^{7} ight)^{3}\) 2. \(\left(b^{12} ight)^{4}\)
-
Presented below are the financial statements of Kurtzel Company. Additional data: 1. Depreciation expense was $17,500. 2. Dividends declared and paid were $20,000. 3. During the year equipment was...
-
Current Attempt in Progress Blue Corporation earned $405,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of...
-
For each of the following assertions, say whether it is true or false and support your answer with examples or counterexamples where appropriate. a. An agent that senses only partial information...
-
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.
-
Suppose you bought a 6 percent coupon bond one year ago for $1,040. The bond sells for $1,063 today. a. Assuming a $1,000 face value, what was your total dollar return on this investment over the...
-
Solve the equation. Simplify your answer if possible. 1+2 t t-9 + +7 6 3 7
-
The conversion factor relating feet to meters is 1 ft = 0.305 m. Keep in mind that when using conversion factors, you want to make sure that like units cancel leaving you with the units you need. You...
-
a. A company has three (3) branches in Ghana - Wa, Kumasi and Accra. The manager of the Kumasi branch has been found guilty of gross infractions in the business and has been forced to resign. During...
-
QUESTION 3 Determine the lowest degree polynomial that corresponds to the following information: Degree: 6, zeros: x = 2 (multiplicity = 3); x = -1; x = 4 (multiplicity = 2) y-intercept: (0, -8) Use...
-
Critics have used the COVID-19 pandemic to point out weaknesses in JIT supply chains and to partially blame those weaknesses for hospitals struggling to get crucial supplies. Considering the...
-
Explain why it can sometimes be difficult to obtain rational subgroups when using a control chart for fraction nonconforming.
-
Audrey purchases a riding lawnmower using a 2-year, no-interest deferred payment plan at Lawn Depot for x dollars. There was a down payment of d dollars and a monthly payment of m dollars. Express...
-
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...
-
According to David McClelland, a person with a strong power need is competitive, wants to win, and likes conflict. Question 3 8 options: True False
-
In circumstances under which a person or business is held liable as a principal, even though no actual (express) agency has been created with an agent, but there is appearance of an agency...
-
According to utilitarianism_____ O people give up certain rights to the government in exchange for security. duties are defined by rational thought. O ethical action arises from doing one's duty. O...
Study smarter with the SolutionInn App