Under monopolistic competition, the long run equilibrium of the firm is established at the

Related MCQs

• In long run all the firms in the monopolistic competition
• Which of the following condition are met in the long run equilibrium of the monopolistic competitor earning only normal profit
• A firm under monopolistic competition advertise because
• Under monopolistic competition, an increase in the number of firms producing close substitutes will make the demand curve of each firm
• Under monopolistic competition, the demand curve of the product of an individual firm depends on the nature and prices of close substitutes
• When a group of monopolistic competition attains the equilibrium, the firms in the group
• In short run a firms in monopolistic competition
• The short run equilibrium level of output of the monopolistic competitor is given by
• When the perfectly competitive firm and industry are both in long run equilibrium
• Under monopolistic competition, there can be freedom of entry in the sense that there is freedom to produce