1 why does the short-run marginal cost curve eventually, Ask an Expert

Economics

1. Why does the short-run marginal cost curve eventually increase for the typical firm?

2. Describe what locative efficiency is and how it is achieved in pure competition?

3. How does price elasticity affect the price-quantity combination and segment of the demand curve that the monopolist would prefer for price and output?

4. Why is the monopolistic competitor’s demand curve more elastic than a pure monopolist’s, however less elastic than a pure competitor’s? What factors decide the price elasticity of demand for a monopolistic competitor?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225350

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