--%>

Characterized monopolistic competition

Monopolistic competition is NOT described by: (1) P = MSC. (2) large numbers of sellers. (3) P = LRATC. (4) MR = MC. (5) differentiated products.

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Microeconomics

  • Q : Federal agricultural subsidies Federal

    Federal agricultural subsidies tend to be rapidly: (w) spent because most farmers lack sufficient budgeting skills. (x) capitalized in higher prices for farm land. (y) slashed while pressure mounts to cut the federal deficit. (z) absorbed from rising

  • Q : Market demand curve of pure monopolist

    A pure monopolist faces as: (w) a perfectly elastic demand for its product because it can't affect market price. (x) a perfectly inelastic demand for its product. (y) the market demand curve for its product. (z) a constant marginal cost curve.

  • Q : Rental check of pure economic rent The

    The part of your monthly rental check which shows pure economic rent is that that pays only for the use of the landlord's: (w) land. (x) capital. (y) labor. (z) entrepreneurial skills. I need a goo

  • Q : Problem on hyperinflation In the year

    In the year 2015, people begin utilizing dollar bills to wipe up messes as hyperinflation has driven the price of ‘real’ paper towels to $7,000 a roll. This is an illustration of: (1) The income result. (2) Diminishing the marginal utility

  • Q : Monopolistic and competitive tools in

    Most markets into the American economy are: (i) purely competitive. (ii) primarily unregulated monopolies. (iii) blends of monopolistic and competitive tools. (iv) dominated by regulated monopolies. (v) governed through the decisions of political lead

  • Q : Asset demand Select the right answer of

    Select the right answer of the question. The asset demand for money: A) is unrelated to both the interest rate and the level of GDP. B) varies inversely with the rate of interest. C) varies inversely with the level of real GDP. D) varies directly with the level of nom

  • Q : Average retail price and the consumer

    Table illustrates the average retail price of milk and the Consumer Price Index from the year 1980 to 1998.

    Q : Different forms of capital account

    Different forms of capital account transactions: A) Private Transactions: There are transactions which affect the liabilities and assets of individuals.

    Q : Least commonly finance investment in

    Business firms least commonly finance investment within new economic capital by: (w) retained earnings. (x) the issuance of common or preferred stocks. (y) borrowing from banks or other financial institutions. (z) gra

  • Q : Determine total cost of

    This profit-maximizing competitive firm's total cost as TC=TFC+TVC, as in demonstrated figure can be calculated as area: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P<