Explain why the monopolistic competitor breaks even in the long run.

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: 9780078021800

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Nov 26, 2015 01:59 AM

See More Questions

Explain why the monopolistic competitor is neither resource allocative efficient nor productive.
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.
Compare the elasticity of the monopolistic competitors demand with that of a pure competitor and a pure monopolist. Assuming identical long-run costs compare graphically the prices and outputs that...
What is the atomic weight of a hypothetical element consisting of two isotopes, one with mass= 64.23 amu (36.00%), and one with mass=65.32 amu ( 64.00%) ? [Topic: isotope and molecular weight] 64.93...
Negative equity is defined as a situation where the mortgage on a property is more than the market value of the property. During the recent financial crisis, market values of most homes declined...
Alice wants to communicate with Bob, using public-key cryptography. She establishes a connection to someone she hopes is Bob. She asks him for his public key and he sends it to her in plaintext along...
Q6 What is necessary for disaster preparedness?
The Action Paper Company employs a human resources manager who is given responsibility for employee benefits. There is a question about the mean annual dental expense per employee. The manager...
The following is the current balance sheet for a local partnership of doctors: Cash and current assets $ 51,000 Liabilities $ 48,000 Land 156,000 A, capital 28,000 Building and equipment (net)...
1. Measuring and monitoring retention and turnover data traditionally involved assessing total turnover. Many organizations fail to analyze retention beyond this number. Describe a thorough approach...
You own a shoe store that sells the same brands that are sold in the hundreds of other shoe stores in your locality. List the ways you could differentiate your products.
Is the monopolistic competitor inefficient? Try to argue the question from both sides.
The heights, xcm, of a group of 28 people were measured. The mean height was found to be 172.6cm and the standard deviation was found to be 4.58cm. A person whose height was 161.8cm left the group....
2. (3 points) NextGames Inc. has a new video game cassette for the upcoming holiday season. It is 3 trying to determine the target cost for the game if the selling price per unit will be set at $130,...
1. After watching the SR WEBINAR on how risk managers create better decision-making through a positive culture what do you think the three (or more) important points made during the webinar 2....
| Variance analysis, multiple products. The Robin's Basket operates a chain of Italian gelato stores. Although the Robin's Basket charges customers the same price for all flavors, production costs...
Question 31 of Your local coffee shop is extremely busy, so the cashier asks what you'd like to order and your name. The cashier writes this information onto a cup and passes it to the barista. After...
Find SSR = xy Rx+1 -dA, R= [0,2] x [4,4] Round your answer to four decimal places.
Chinese economic growth is the outstanding feature of the world economic scene over the past two decades. a. In 2018, US output was $20.5 trillion, and Chinese output in 2017 was $13.5 trillion....
A 20-cm-square vertical plate is heated to a temperature of 30oC and submerged in glycerin at 10oC. Calculate the heat lost from both sides of the plate.
The main manufacturers of telephony equipment (Ericsson, Nokia, etc.) provided telecoms operators (Deutsche Telekom, Swisscom, etc.) with substantial supplier credit lines, in order to assist them in...
If the interest rate is 10 percent and a dollar will be paid to you in three years, what is the present value of that dollar (to the nearest 10th of a cent)?
Economists treat profits as a( n )________ left to the entrepreneur after ________, , and___________ have been paid.
If interest rates fall, the present value of future dollars will ________.
The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Total Dirt Bikes Mountain Bikes...
?? A local college is deciding whether to conduct a campus beautification initiative that would imvolve various projects, such as planting trees and remodeling bulidings, to make the campus more...
A company has net income of $196,000, a profit margin of 9.7 percent, and an accounts receivable balance of $135,370. Assuming 70 percent of sales are on credit, what is the companys days sales in...

Explain why the monopolistic competitor breaks even in the long run.

Question:

Step by Step Answer:

If monopolistic competitors are making short run profits in the long run new fir...View the full answer

Economics

Students also viewed these Economics questions