User Account

All Pages

Explian about a firm operating monopolistically in a market

Assignment Help Microeconomics
Reference no: EM13825402

Problem-

A cosmetic firm operating in a monopolistically competitive market environment spends a lot of money in advertisement and ends up with super-normal profit even in long run. Is it possible? Explain your answer in few words.

Summary

The problem belongs to Economics, mainly to Micro-economics and it converse about a firm operating monopolistically in a competitive market ends up with super-normal profit with advertisement. The reasons behind this have been discussed in the answer.

Word limits- 100

Reference no: EM13825402

Questions Cloud

Print out the average score accurate to two decimal places : print out the average score accurate to two decimal places.
What type of noncash scheme is baker most likely : Baker is an auditor for ABC Company. As part of a proactive fraud audit (using CAATs), Baker runs the following tests: (1) a review of the sales register for dormant customer accounts that posted a sale within the last two months; Taken together, wha..
How protocols support business processes : Define upper layer applications.Explain how the application layer manages distributed applications and their protocols.Describes the application protocols associated with these services
Discuss the role of an accountant in a business organization : Discuss the role of an accountant in a business organization
Explian about a firm operating monopolistically in a market : The problem belongs to Economics, mainly to Micro-economics and it converse about a firm operating monopolistically in a competitive market ends up with super-normal profit with advertisement.
Assessment of law enforcing agencies : The courts have dealt with the issues of search and seizure often, and the law concerning search and seizure is often confusing.
Equipment manufacturer-transaction for fishbone corporation : On January 1, 2014, Fishbone Corporation (an equipment manufacturer) sold equipment to Lost Company that cost $150,000. Fishbone received as consideration a down payment of $100,000 and a $240,000, 5% interest-bearing note due on December 31, 2016. T..
Case study: ulster carpet mills limited : Case Study: Ulster Carpet Mills Limited
Prepare the operating activities section of the statement : Prepare a statement of cash flows using the indirect method and compute free cash flow and prepare the journal entry.

Reviews

Write a Review

Microeconomics Questions & Answers

  The most preferred to least preferred type of shock

suppose that the economy is currently at potential output. also suppose that you are an economic policy maker and that

  What is the average and marginal product of labor

1. Suppose inputs are only substitutable at two units of labor for every one unit of capital, and one unit of output is produced for every unit of labor or ½ unit of capital. What would be the equation for the production function? What is the ..

  Question 1 the economic implications of externalities 5

question 1 the economic implications of externalities 5 marks to parts a and ba briefly explain what an externality is

  Explain position is profit-maximizing position for any firm

1. How do you know that the firm represented in the graph above is a purely competitive firm 2. To maximize profits, this firm will produce at what output level (one letter) 3. Explain why this MR=MC position is the profit-maximizing position for any..

  Determine the equilibrium price and quantity

Demand q=30-2/3pSupply q=2p-10Determine the equilibrium price and quantity in this market.

  Domestic investment and net capital outflow

Assume only two countries, China and the US. If China decides to stimulate growth through a policy of running a large export trade surplus, does China’s national savings increase? Show the relationship between China’s national savings, domestic inves..

  Economic policy or economic development from u.s history

Pick a economic policy or economic development from U.S history that interests you.

  What is the forecast for period 9

Given the following series Yt, Answer the following questions and round to 2 decimal places. A. What is the forecast for period 9 using a five-period moving average B. Use simple exponential smoothing with a smoothing average of 4 and a starting va..

  Using concept of marginal analysis mc vs mb examine the

using the concept of marginal analysis mc vs. mb analyze a particular government program and determine if you find its

  Brief summary of economic costs

Give a brief summary of economic costs. Presume a firm is operating at the minimum point of its short-run average total cost curve, so that marginal cost equals average total cost. Under what circumstances would it choose to alter the size of its pla..

  Does answer depend on whether worker was initially at

in a proposed cost cutting exercise a firm offers its workforce the following deal a cut in regular wages but a

  Instituting the pollution tax

Who gains and who loses from instituting the pollution tax?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd