0
When the excess capacity problem under monopolistic competition becomes greater there will be?
Wiki User
∙ 11y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Compare monopoly and monopolistic competition?
A monopoly is a market which has only one firm, the firm has market power, and there are barriers to entry. The long run profits for a monopolist may be greater than zero. Monopolistic competition is more closely related to perfect competition than monopoly. In monopolistic competition, there are many firms in the market. However, each firm has product differentiation. An example of monopolistic competition would be the jeans industry. There are many different types/quality of jeans e.g. True Religion, Levi's and Lee's. Products are somewhat differentiated, but, as in perfect competition, the long run profit = 0. Oligopoly is a market in which there are only a few firms, each firm has market power, and there is much product differentiation between the firms. The long-run profit of oligopoly can be greater than zero, because there are barriers to entry in the market.
Does greater competition lead to greater efficiency?
Yes. Greater competition between firms/countries/... makes the productive capacity rise and will reduce costs. The rise in the productive capacity is mainly achieved by investing in new capital goods (or replacing the old ones). Of course this will reduce the labor needed (so less costs) and will increase efficiency in the end.
If Pepsi is trying to engage in monopolistic competition why do they keep introducing new flavors of Pepsi and Mountain Dew?
Your question is based on the false predication that Pepsi wants to engage in monopolistic competition. Pepsi can't realistically grab monopolistic market share. By diversifying their flavors, they appeal to a greater number of consumers. As long as they cover the short term costs of producing the new flavors of soda, it would stand to reason that they would continue selling them; from an economic stand point at least. From a marketing stand point, it does nothing to hurt their brand equity or value of the name, so they don't really produce new flavors at anything other than monetary cost. In layman's terms, they keep producing them because it's profitable for them to do so.
What promotes greater efficiency and lower price by protecting competition?
Antitrust laws
How does the producer benefit from business competition?
Producers benefit from business competition by having to develop proficiency to a much greater level in providing their product or service to the market than they otherwise would have if business competition was lacking.
Compare monopoly and monopolistic competition?
A monopoly is a market which has only one firm, the firm has market power, and there are barriers to entry. The long run profits for a monopolist may be greater than zero. Monopolistic competition is more closely related to perfect competition than monopoly. In monopolistic competition, there are many firms in the market. However, each firm has product differentiation. An example of monopolistic competition would be the jeans industry. There are many different types/quality of jeans e.g. True Religion, Levi's and Lee's. Products are somewhat differentiated, but, as in perfect competition, the long run profit = 0. Oligopoly is a market in which there are only a few firms, each firm has market power, and there is much product differentiation between the firms. The long-run profit of oligopoly can be greater than zero, because there are barriers to entry in the market.
Does greater competition lead to greater efficiency?
Yes. Greater competition between firms/countries/... makes the productive capacity rise and will reduce costs. The rise in the productive capacity is mainly achieved by investing in new capital goods (or replacing the old ones). Of course this will reduce the labor needed (so less costs) and will increase efficiency in the end.
Which type of energy becomes greater as the kinetic energy becomes greater?
The kinetic type does.
If Pepsi is trying to engage in monopolistic competition why do they keep introducing new flavors of Pepsi and Mountain Dew?
Your question is based on the false predication that Pepsi wants to engage in monopolistic competition. Pepsi can't realistically grab monopolistic market share. By diversifying their flavors, they appeal to a greater number of consumers. As long as they cover the short term costs of producing the new flavors of soda, it would stand to reason that they would continue selling them; from an economic stand point at least. From a marketing stand point, it does nothing to hurt their brand equity or value of the name, so they don't really produce new flavors at anything other than monetary cost. In layman's terms, they keep producing them because it's profitable for them to do so.
What is the greater capacity 1.5L or 15L?
15L
Which of the following is one effect that globalization has had on the labor market in the United States?
The question is incomplete. There are no options given (for "which of the following") to answer this question.
Which has greater line capacity T1 or E1?
The E1 has a greater line capacity. E1 is the European standard and runs at 2.084 Mbps. The American T-1 standard runs at a capacity of 1.544 Mbps.
What is the general relationship among access time memory cost and capacity?
Faster access time, greater cost per bit; greater capacity, smaller cost per bit; greater capacity, slower access time. As a general rule (but there are exceptions) the greater the capacity of a memory the longer the access time. For a higher cost the access time of a given capacity memory can usually be shortened some. As a general rule (but there are exceptions) the greater the capacity of a memory the total memory cost increases, but the memory cost per bit decreases.
If a stream's discharge decreases how does it affect the stream's capacity?
The capacity of a stream is the maximum load it can carry. Capacity is directly related to a stream's discharge. The greater the volume of water in a stream is, the greater its capacity is for carrying sediment. So if a stream's discharge decreases, the stream's capacity also decreases.
Do boys have a greater lung capacity than girls?
yes, boys have a greater lung capacity than girls because lung capacity is a function of volume of space enclosed by the rib cage, which means the lungs ability to inflate. Males have greater lung capacity because they have larger frames and usually have larger rib cages
Which can hold more data?
The one with the greater capacity.
Does cache memory has a greater capacity than RAM?
No.
