How does the long-run equilibrium of a monopolistically competitive industry differ from that of a perfectly competitive industry?

Question

Babygirlslaying1246 Babygirlslaying1246

04-09-2019
Social Studies

contestada

How does the long-run equilibrium of a monopolistically competitive industry differ from that of a perfectly competitive industry?

Respuesta :

Otras preguntas

Hey guys, I need 5 sentences!¿Prefieres viajar en coche, en tren, en barco o en avión? ¿Por qué?

What are the advantages and disadvantages of globalization

how do you balance __H2SO4 + __B(OH)3 --> __B2(SO4)3 + __H2O

What are the advantages and disadvantages of globalization

how do you balance __H2SO4 + __B(OH)3 --> __B2(SO4)3 + __H2O

Hey guys, I need 5 sentences!¿Prefieres viajar en coche, en tren, en barco o en avión? ¿Por qué?

federico1636 federico1636 · Answer 1 · 2019-09-17T22:06:57+02:00

federico1636 federico1636

17-09-2019

Answer:

A firm in monopolistic competition does not take full advantage of its economies of scale because it's the only oferent of a good. A firm in perfect competition produces at the lowest average cost possible.

Explanation:

Answer Link

How does the​ long-run equilibrium of a monopolistically competitive industry differ from that of a perfectly competitive​ industry?

Respuesta :

Otras preguntas

How does the long-run equilibrium of a monopolistically competitive industry differ from that of a perfectly competitive industry?