Higher prices in the long run than perfect competition

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Which of the following market structures will have higher prices in the long run than perfect competition?

a. Monopolistic competition and monopoly, but not oligopoly.

b. Oligopoly and monopoly, but not monopolistic competition.

c. Monopoly, but not oligopoly or monopolistic competition.

d. Monopolistic competition, monopoly, and oligopoly.

Characteristic of monopolistic competition : Which of the following is not characteristic of monopolistic competition?

The market share of a monopoly : The market share of a monopoly is:

Market structures : It is easiest for new firms to enter into which of the following market structures?

Monopolys high market power enhances research-development : Some economists argue that a monopoly’s high market power enhances research and development. However, a good argument against that could be:

Higher prices in the long run than perfect competition : Which of the following market structures will have higher prices in the long run than perfect competition?

Competitive prices for their specialty cakes : Ace Bakery charges competitive prices for their specialty cakes, even though it has no competition. This is most likely because:

An example of a market incentive plan : An example of a market incentive plan is:

Production decision : Which of the following is a production decision?

Perfectly competitive market is determined : The market price for T-shirts sold in a perfectly competitive market is determined by: