When a group of monopolistic competition attains the equilibrium, the firms in the group

Related MCQs

• Firms in monopolistic competition in long run equilibrium ________ than firms in perfect competition.
• If firms in monopolistic competition are enjoying positive economic profits, in the long run
• Under monopolistic competition, an increase in the number of firms producing close substitutes will make the demand curve of each firm
• It is assumed that the cost curves of all the firms in the monopolistic competition are
• In short run a firms in monopolistic competition
• In long run all the firms in the monopolistic competition
• In monopolistic competition in long run equilibrium, the price will be equal to:
• The condition of short run equilibrium under monopolistic competition is
• Under monopolistic competition, the long run equilibrium of the firm is established at the
• Which of the following is NOT a characteristic of monopolistic competition?