: All however which one of many
following are true of monopolistic competitors?
MR = MC
AR = MR
The demand curve the agency faces slopes
Entry is straightforward.
Factors Obtained: 1 of 1
2. Query : On the level of long-run equilibrium for a wonderfully
financial income are
TR > TC.
TR < TC. P = AVC. regular income are zero. Factors Obtained: 1 of 1 Feedback: three. Query : The higher the worth elasticity of the demand curve that the agency faces in monopolistic competitors, : the upper the diploma of competitors within the business. the decrease the diploma of competitors within the business. the less substitutes for the great produced. the simpler it's for the agency to boost its worth. the much less gross sales the agency will acquire from a worth lower. Factors Obtained: 1 of 1 Feedback: four. Query : Stores function wherein of the next market constructions? : excellent competitors monopolistic competitors oligopoly monopoly oligopsony Factors Obtained: 1 of 1 Feedback: 5. Query : Which one of many following is NOT a fundamental assumption of the mannequin of excellent competitors? : Many consumers Many sellers A differentiated product Full data Cell sources Factors Obtained: 1 of 1 Feedback: 6. Query : A agency in a(n) business may have probably the most elastic demand curve. : monopolistic oligopolistic monopolistically aggressive completely aggressive Factors Obtained: 1 of 1 Feedback: 7. Query : The marginal value curve above the minimal common variable value : signifies factors the place the agency will understand an financial revenue. covers the realm the place a agency ought to shut down. is the same as the agency's marginal income curve. is the agency's short-run provide curve. Factors Obtained: 1 of 1 Feedback: eight. Query : A agency in a monopolistically aggressive business faces a downward-sloping demand curve as a result of : the product is homogeneous. the product is differentiated. nonprice competitors is lacking. obstacles to entry are excessive. Factors Obtained: 1 of 1 Feedback: 9. Query : Alongside a downward-sloping monopoly demand curve, : marginal income is larger than worth. elasticity of demand is fixed. marginal income decreases when worth decreases. marginal income is the same as zero when worth is the same as zero. Factors Obtained: 1 of 1 Feedback: 10. Query : Excellent competitors is : not an abstraction from actuality; it's actuality. an "supreme kind"âthat's, a mannequin or guidepost for comparability. the one market construction within the United States. the most effective of all doable worlds. discovered within the U.S. metal business.