0
Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry?
Yes, the concentration ratio in a monopolistically competitive industry is typically higher than in a perfectly competitive industry. Monopolistic competition involves a few firms that have some degree of market power due to product differentiation, leading to a higher concentration of market share among those firms. In contrast, perfectly competitive industries consist of many firms, each with negligible market power, resulting in a lower concentration ratio.
What else can I help you with?
Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industryWhy?
in a perfectly competitive industry
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where?
perfectly competitive industry become a monopoly， what changes
What business or industry is most likely to be found in a perfectly competitive market?
the adult film industry
Is peanut industry perfect competition?
No. There is no perfectly competitive market in real life.
Characteristics of perfect competitive market?
A perfectly competitive market has many competitors. There is no one competitor that has more say in product prices within the industry.
Is service and quality likely to be better in an industry dominated by a monopoly or in a perfectly competitive industryWhy?
in a perfectly competitive industry
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where?
perfectly competitive industry become a monopoly， what changes
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where -?
perfectly competitive industry become a monopoly， what changes
What business or industry is most likely to be found in a perfectly competitive market?
the adult film industry
Is peanut industry perfect competition?
No. There is no perfectly competitive market in real life.
Characteristics of perfect competitive market?
A perfectly competitive market has many competitors. There is no one competitor that has more say in product prices within the industry.
It might be effecient for an industry to be monopolistically competitive rather tha t prefect competition?
You must be a fairly recent product of American public schools. This "question" is written so poorly that what you are asking cannot be ascertained.
What will happen if an individual perfectly competitive firm charges a price above the industry equilibrium price?
If an individual in a perfectly competitive firm charges a price above the industry equilibrium price this is bad. This company will go out of business quickly because their customers will go find the lower price.
What are some real-life examples of monopolistically competitive oligopoly and monopoly markets?
Monopolistically competitive markets can be seen in the restaurant industry, where many establishments offer differentiated cuisine and dining experiences but compete for the same customer base. An example of an oligopoly is the airline industry, where a few major carriers dominate the market, influencing prices and service offerings. In a monopoly market, a classic example is a public utility company, such as a local water provider, which is the sole supplier in a region, controlling prices and service without direct competition.
Marginal cost equals marginal revenue?
If the firm operates in a perfectly competitive industry, profit is maximised at the ouput level where mc=mr.
What has resulted in a high degree of concentration in the sanitary paper products industry?
The twin requirements of converting massive amounts of raw materials and a highly competitive consumer marketplace have led to a high degree of concentration in the U.S. sanitary paper products industry.
Suppose that the pen-making industry is perfectly competitive. Also suppose that each current firm and any potential firms that might enter the industry all have identical cost curves with minimum AT?
$1.25.
