Prefectly compeitve and monopolistcally competitve markets, Ask an Expert

Economics

in long-run equilibrium, both prefectly compeitve and monopolistcally competitve markets achieve a tangecy between the firm's dd demand curve and its average cost curve , the tengency for a monopolistic compeetitor, while displays the tegency for a perfect competitor . discuss the similarities and differences in the two situations with respect to : A. the elasticity of the demand curve for firm's product .

View complete question

Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9491586

Have any Question?Write your Review or question?

Related Questions in Macroeconomics

Question you do not need to have seen the movie the

Question: You do not need to have seen the movie, the question is based on Carl Menger's Theory of the Good. In the movie, "Cast Away," Tom Hanks played the character Chuck Noland, who was stranded on a deserted island f ...

Question there is a buyer and a seller the buyer has a

Question: There is a buyer and a seller. The buyer has a valuation 40 for a usable product. The seller has a cost 0 of producing a bad product and a cost 20 of producing a good product. The sequence of events is as follo ...

Question according to your textbook in the aggregate supply

Question: According to your textbook in the Aggregate Supply (AS) theory an increase in output leads to an increase in the price level. What is the assumed causality? Explain why this should be considered flawed? The res ...

Question - a student buys a used car for 3000 with no money

Question - A student buys a used car for $3000 with no money down. She pays for the car in 30 equal monthly payments with interest at 12% per year compounded monthly. a. What is the monthly loan payment? b. What is the t ...

Question the knowledge economy what leads to a patent race

Question: The knowledge economy What leads to a patent race? Is such a race productive or unproductive? Hint: Think of how patents allow companies monopoly power for a temporary period. The response must be typed, single ...

Question - find an article that discusses in depth the

Question - Find an article that discusses in depth the state of the current U.S. economy or how much the U.S. economy is growing. Discuss GDP growth, unemployment or U.S. exports. You must use either: New York Times Busi ...

Analyze the concept of exchange rateexplain how the dollar

Analyze the concept of exchange rate. Explain how the dollar price of Euros is determined. Identify a factor that can increase the dollar price of Euros. Identify a factor that can decrease the dollar price of Euros. Exp ...

Question when other firms reactsuppose you are the

Question: When other firms react Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level. You recently learned th ...

Economics and finance for business assignment -research

Economics and Finance for Business Assignment - Research report on Australian businesses - An industry or market analysis The objective: To conduct a market or industry analysis of rival businesses in an industry of your ...

Question franchise arrangements involve a number of highly

Question: Franchise arrangements involve a number of highly specific investments on the parts of both the parent company (e.g., McDonald's or Hilton Hotels) and the franchisee (the owner of a particular McDonald's or Hil ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Macroeconomics Expert