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How does the elasticity of the monopolistic competitor's demand curve compare to that of a pure competitor or a pure monopolist?
A monopolistic competitor's demand curve is less elastic than apure competitor's which is less elastic than a pure monopolist's.
The monopolistic competitor faces a horizontal demand curve?
no, it actually faces downward-sloping. 100% sure, just read it in the book.
Is a monopolistic competitor a price maker why?
Yes, a monopolistic competitor is considered a price maker because it has some degree of market power due to product differentiation. Unlike perfect competition, where firms are price takers, monopolistic competitors can influence their prices by changing the quantity they supply or by enhancing the perceived value of their products. However, their pricing power is limited by the availability of close substitutes, which means they must consider competitors' prices when setting their own.
Under what market conditions is monopolistic competition possible?
a large number of sellers produce a product or service that is perceived by consumers as being different from that of a competitor but is actually quite similar
Why do monopolistic competitor operate at excess capacity?
Monopolistic competitors operate at excess capacity to discourage new firms from going into the industry, i.e, to deter entry. Operating at excess capacity means a firm produces large quantities of goods and at lower prices. This makes it difficult for newly established firms to compete, thus ensuring that the incumbent firm maintains its monopolistic position in the market.
How does the elasticity of the monopolistic competitor's demand curve compare to that of a pure competitor or a pure monopolist?
A monopolistic competitor's demand curve is less elastic than apure competitor's which is less elastic than a pure monopolist's.
The monopolistic competitor faces a horizontal demand curve?
no, it actually faces downward-sloping. 100% sure, just read it in the book.
Who is zaxby's strongest competitor?
KFC Taco bell mcdonalds Burger King Wendys Chick fill a
Why do monopolistic competitor operate at excess capacity?
Monopolistic competitors operate at excess capacity to discourage new firms from going into the industry, i.e, to deter entry. Operating at excess capacity means a firm produces large quantities of goods and at lower prices. This makes it difficult for newly established firms to compete, thus ensuring that the incumbent firm maintains its monopolistic position in the market.
Under what market conditions is monopolistic competition possible?
a large number of sellers produce a product or service that is perceived by consumers as being different from that of a competitor but is actually quite similar
How are a monopolistic firm and a competitive firm similar?
Monopoly means that there are no competitor for your product or servises
Is product of shampoo include in monopolistic or perfect competition?
Monopolistic Competition
What are monopolistic companies in the Philippines?
monopolistic status of companies in the Philippines
Is Best Buy an oligopoly or monopolistic competition?
monopolistic competition
Which states are monopolistic for wc?
Washington, Wyoming, North Dakota, and Ohio are monopolistic states
What states are monopolistic?
There are 4 monopolistic states - North Dakota, Ohio, Washington and Wyoming. Nevada and West Virginia had been monopolistic, but are now private insurance states.
Is unilever an monopolistic?
no
