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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.
Is McDonald's a monopolistic competitor?
What is a competitor? Competitors are used as bench mark against the product.
How are a monopolistic firm and a competitive firm similar?
Monopoly means that there are no competitor for your product or servises
The monopolistic competitor faces a horizontal demand curve?
no, it actually faces downward-sloping. 100% sure, just read it in the book.
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.
Is McDonald's a monopolistic competitor?
What is a competitor? Competitors are used as bench mark against the product.
How are a monopolistic firm and a competitive firm similar?
Monopoly means that there are no competitor for your product or servises
The monopolistic competitor faces a horizontal demand curve?
no, it actually faces downward-sloping. 100% sure, just read it in the book.
The market price may be an inappropriate transfer price if?
competitor s are practicing predatory pricing to eliminate competitor
How can lowering price upsell the competitor?
By lowering the price you might be able to sell more of your good at a cheaper price with a higher profit while your competitor sells a lesser amount with a higher price and almost matching your profit
What is Target's coupon policy?
Target coupons will be applied before the price match is made. If the competitor price is still lower than the price after the Target coupon has been deducted, the ad match can be adjusted to match the competitor's price.
What are the ways to use coupons at Target?
Target coupons will be applied before the price match is made. If the competitor price is still lower than the price after the Target coupon has been deducted, the ad match can be adjusted to match the competitor's price.
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
Explain price determination under monopolistic competition?
My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.
Is it a good policy for governments to completely eliminate monopoly power?
no monopoly is better in some organizations because i it gives economy of scale and its gives better services because of its large scale business but monopolistic competition is better than monopoly because in monopolistic competition , organization has discretionary power on either quantity or price but in monopoly organization have more control on price or supply than monopolistic competition and can charge price of its own will.
