Why demand curve face monopolistically competition
Why is demand curve facing a monopolistically competitive firm probable to be very elastic?
Expert
Answer: This is because the products generated by monopolistically competitive firms are close substitutes to one other. When products are close substitutes to one other the elasticity of demand is high, that is what makes the firm’s demand curve (that is, under monopolistic competition) much elastic.
Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.
The Aid for Dependent Children (AFDC), program has been condemned most for: (w) high crime rates among the poor. (x) the disintegration of low income family structures. (y) indifference to the plight of the less fortunate. (z) the bankruptcies of Clev
When a monopolist maximizes the profit in a product market, it will: (i) Hire labor till the marginal revenue product equivalents marginal resource cost. (ii) Hire labor till the value of marginal product equivalents marginal resource cost. (iii) Pay a wage equivalent
Can someone help me in finding out the precise answer from the given options. Modifying the goods or resources in manners that make them more valuable is: (1) Production. (2) Profitability. (3) Consumption. (4) Distribution.
In constant-cost, the purely competitive industries: (w) total cost is constant at every output. (x) marginal cost is constant at each output. (y) number of firms is constant at every output. (z) long-run supply price is uninfluenced by output. <
When you buy a bond if the interest rate is 10% and sell this while the interest rate is 15%, in that case you will receive: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) the same amount which you paid for the bond. (z)
Most of the microeconomic models hinge on suppositions that all choices by each and every individual imitate attempts to: (1) Conform to social mores and cultural norms. (2) Propagate the individual’s gene pool into the future generations. (3) B
When diet faddists gulp 205 million unsweetened as “No-Carb” milkshakes of $2.30 apiece, if cut back to 155 million per week while the price rises to $3.70 every, the price elasticity of their demand for shakes equivalents
When a monopolist maximizes the profit in the product market, it will: (i) Hire labor till the marginal revenue product equivalents the marginal resource cost. (ii) Hire the labor till the value of marginal product equivalents the marginal resource cost. (iii) Pay a w
Maximum possible total revenue monthly from sales of RoboMaids is about: (i) $70 million. (ii) $100 million. (iii) $125 million. (iv) $170 million. (v) $230 million. Discover Q & A Leading Solution Library Avail More Than 1415222 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1937953 Asked 3,689 Active Tutors 1415222 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1937953 Asked
3,689
Active Tutors
1415222
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!