For monopolistically competitive firms in long-run equilibrium:
举一反三
- In a monopolistically competitive market, product differentiation ensures that in the long run:
- If, in long run equilibrium, the competitive price of some good is $16.67, then, for each and every firm in the industry,
- In monopolistically competitive markets, free entry and exit suggests that A: the market structure will eventually be characterized by perfect competition in the long run. B: all firms earn zero economic profits in the long run. C: some firms will be able to earn economic profits in the long run. D: some firms will be forced to incur economic losses in the long run.
- Which of the following will be true for a competitive firm in long-run equilibrium? A: P = MC B: P = ATC C: ATC = MC D: All of the above are correct.
- The demand for a product of a monopolistically competitive firm is: