Determination and Types of Profit in the Short-Run

a)      Supernormal Profit (AR>AC)

b)         Normal Profit (AR=AC)

c)         Subnormal Profit (AR<AC)

Long-Run Equilibrium Position of Monopolistic Competitive Firms

As there is free entry and exit of firms in monopolistic competitive industry, firms can therefore, earn only normal profit in the long run.

Shut-Down Situations

Firms in monopolistic competitive industry will only produce as long as AR > AVC in the short-run and will shut down if AR <AVC.

Email based economics assignment help - homework help at TutorsGlobe

Are you searching economics tutor for help with Types of Profit in Monopolistic Competition questions?  Types of Profit in Monopolistic Competition topic is not easier to learn without external help?  We at www.tutorsglobe.com offer finest service of economics homework help and economics homework help. Live tutors are available for 24x7 hours helping students in their Types of Profit in Monopolistic Competition related problems. We provide step by step Types of Profit in Monopolistic Competition question's answers with 100% plagiarism free content. We prepare quality content and notes for Types of Profit in Monopolistic Competition topic under economics theory and study material. These are avail for subscribed users and they can get advantages anytime.

Why TutorsGlobe for homework help

• Higher degree holder and experienced tutors network
• Punctuality and responsibility of work
• Quality solution with 100% plagiarism free answers
• Time on Delivery
• Privacy of information and details
• Excellence in solving accounting questions in excels and word format.
• Best tutoring assistance 24x7 hours