The diagram depicting monopolistic competition in the short run:

Related MCQs

• Firms in monopolistic competition in long run equilibrium ________ than firms in perfect competition.
• The condition of short run equilibrium under monopolistic competition is
• In short run a firms in monopolistic competition
• If firms in monopolistic competition are enjoying positive economic profits, in the long run
• In monopolistic competition in long run equilibrium, the price will be equal to:
• In the long run, which of the following is applicable to a firm under monopolistic competition
• Under monopolistic competition, the long run equilibrium of the firm is established at the
• In long run all the firms in the monopolistic competition
• In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is
• The short run equilibrium level of output of the monopolistic competitor is given by