Monopolistic competition maximizes, Microeconomics

"A firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect?  Explain. 

Posted Date: 3/14/2013 2:06:00 AM | Location : United States







Related Discussions:- Monopolistic competition maximizes, Assignment Help, Ask Question on Monopolistic competition maximizes, Get Answer, Expert's Help, Monopolistic competition maximizes Discussions

Write discussion on Monopolistic competition maximizes
Your posts are moderated
Related Questions
Stock of durable goods on hand: If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars,

Business Meeting Etiquette: Before meetings, the correct way to arrange a meeting is to take an appointment 3 to 4 weeks before, even though it is known that generally gatherings w

If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?

Diffrence between price and Income elasticity of demand: Own price elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to a change in

The Industry's Long Run Supply Curve *  The Effects of Tax - Earlier we studied how firms respond to taxes on an input. - Now, we will consider how firm responds to tax o

Explain the Demand Pull Inflation Demand Pull Inflation:    Occurs when aggregate demand exceeds aggregate supply. If there is an excess level of demand in the economy, this w

Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes.


Production Function for Wheat *  Farmers should choose between a capital intensive or labor intensive technique of production. Isoquant Describing Production of Wheat

what are the solutions to cost push inflation