A: No barriers to entry/exist in monopolistic competition.
B: A firm in monopolistic competition can set its own price and output.
C: A firm in monopolistic competition makes zero economic profit in the long run.
D: Close substitutes are available in monopolistic competition.
举一反三
- In monopolistic competition, the firm can increase price and still sell some output because:
- ______ have single firm in the industry. A: Perfect competition B: Monopoly C: Oligopoly D: Monopolistic competition
- Which of the following is least likely a feature that monopolistic competition and perfect competition have in common A: Output occurs where MR=MC. B: Zero economic profits in the long run. C: Extensive advertising to differentiate products.
- Monopolistic competition is the most common competition in real market. ( )
- In both perfect competition and monopolistic competition, each firm A: sells identical products. B: faces a downward-sloping demand curve its product. C: has no monopoly power. D: can enter or exit the market freely.
内容
- 0
Which of the following characteristics is common to monopolistic competition and perfect competition? A: Firms produce identical products. B: Entry barriers into the industry are low. C: Each firm faces a downward-sloping demand curve. D: Firms take market prices as given.
- 1
Because economic profits are eliminated in the long run in monopolistic competition, to make an economic profit, firms continuously develop and market new products。(<br/>)
- 2
Under the monopolistic competition, there are many competitors in the market. But each firm sells a slightly different product, which can form some market leaders. Each firm makes independent decisions about price and output.
- 3
Which one of the following statements is TRUE for BOTH perfect competition and monopolistic competition? A: Each type of firm faces a downward sloping demand curve. B: Each type of firm produces a homogeneous product. C: In the long run, firms in both industries make zero economic profit. D: Each type of firm competes on product quality and price.
- 4
解释概念：垄断竞争（ monopolistic competition）