--%>
Assignment Help - homework help

Product differentiation in gain economic profits

Monopolistic competitors: (1) base decisions on the anticipated reactions of their many individual competitors. (2) can easily enter but not exit industries. (3) may sometimes act like monopolists and gain economic profits in the short run because of successful product differentiation, but not in the long run. (4) cannot survive in the long run unless subsidized by the government. (5) produce homogenous products.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Feature of constant elasticity demand

    A constant elasticity demand curve as: (w) cannot be negatively sloped. (x) must be a straight line. (y) cannot be a negatively sloped straight line. (z) has a positive slope. I need a good answer on the topic of <

    		•
  • Q : Differentiate perfect and monopoly

    Differentiate between perfect competition and monopoly competition?

    		•
  • Q : Types of Cost Types of Cost : A) Direct

    Types of Cost: A) Direct costs: clearly chargeable to a work package: labour materials equipment other

    Q : Law of demand is price in the law of

    is price in the law of demand an absolute or relative price

    		•
  • Q : Change in the price of a resource A

    A change in the price of a resource will cause a modification in the: (w) demand for the resource. (x) supply of the resource. (y) quantity demanded of the resource. (z) demand for the good the resource produces. H

    		•
  • Q : Outsourcing affect the economy Explain

    Explain how does outsourcing affect the economy?

    		•
  • Q : Pure competition and monopolistic

    Monopolistically competitive and purely competitive industries tend to be described by: (i) important economies of scale in production. (ii) many potential buyers and sellers. (iii) horizontal demand curves facing each firm. (iv) conscious interdepend

    		•
  • Q : Differences in the arc elasticities of

    The dissimilarities in the arc elasticities of demands for labor among the Ajax Corporation and Bosun Limited are consistent along with an inference which Bosun: (1) is a more profitable firm than Ajax. (2) hires more highly skilled workers than Ajax

    		•
  • Q : State the meaning of Inflationary Gap

    State the meaning of Inflationary Gap: This refers to the amount by which the real aggregate demand exceeds the level of aggregate demand needed to establish full employment equilibrium.

    		•
  • Q : Example of bilateral monopoly The most

    The most excellent example of bilateral monopoly from the given list would be the condition of negotiations among: (i) U.S. Immigration Service and undocumented workers from Mexico. (ii) Fast food franchises and workers who are high-school dropouts. (

    		•