Select the statement that distinguishes monopolistic competition from perfect competition. A: No barriers to entry/exist in monopolistic competition. B: A firm in monopolistic competition can set its own price and output. C: A firm in monopolistic competition makes zero economic profit in the long run. D: Close substitutes are available in monopolistic competition.
Select the statement that distinguishes monopolistic competition from perfect competition. A: No barriers to entry/exist in monopolistic competition. B: A firm in monopolistic competition can set its own price and output. C: A firm in monopolistic competition makes zero economic profit in the long run. D: Close substitutes are available in monopolistic competition.
解释概念：垄断竞争（ monopolistic competition）
解释概念：垄断竞争（ monopolistic competition）
Monopolistic competition is the most common competition in real market. ( )
Monopolistic competition is the most common competition in real market. ( )
概念题：垄断、寡头、垄断竞争（ monopoly, oligopoly, monopolistic competition）
概念题：垄断、寡头、垄断竞争（ monopoly, oligopoly, monopolistic competition）
In monopolistic competition, the firm can increase price and still sell some output because:
In monopolistic competition, the firm can increase price and still sell some output because:
中国大学MOOC: In the model of monopolistic competition, trade costs between countries cause ____________.
中国大学MOOC: In the model of monopolistic competition, trade costs between countries cause ____________.
概念题：垄断竞争中的无利润均衡（ no-profit equilibrium in monopolistic competition）
概念题：垄断竞争中的无利润均衡（ no-profit equilibrium in monopolistic competition）
______ have single firm in the industry. A: Perfect competition B: Monopoly C: Oligopoly D: Monopolistic competition
______ have single firm in the industry. A: Perfect competition B: Monopoly C: Oligopoly D: Monopolistic competition
Which one of the following is NOT a characteristic of monopolistic competition?() A: Differentiated products. B: Elastic demand curves C: A single seller.
Which one of the following is NOT a characteristic of monopolistic competition?() A: Differentiated products. B: Elastic demand curves C: A single seller.
Because economic profits are eliminated in the long run in monopolistic competition, to make an economic profit, firms continuously develop and market new products。(<br/>)
Because economic profits are eliminated in the long run in monopolistic competition, to make an economic profit, firms continuously develop and market new products。(<br/>)