![Monopolistic Competition ,[object Object],Name: Monopolistic Competitors](https://image.slidesharecdn.com/monopolisticcompetition-100210192853-phpapp02/85/Monopolistic-Competition-1-320.jpg)
![What is a monopolistic competition? ,[object Object],[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Recomendados
Más contenido relacionado
La actualidad más candente
La actualidad más candente (20)
Destacado
Destacado (20)
Similar a Monopolistic Competition
Similar a Monopolistic Competition (20)
Último
Último (20)
Monopolistic Competition
- 7. Examples
Notas del editor
- A firm making profits in the short run will break even in the long run because demand will decrease and average total cost will increase. This means in the long run, a monopolistically competitive firm will make zero economic p rofit . This giv es the amount of influence over the market; because of brand loyalty, it can raise its prices without losing all of its customers.
- AR = average revenue MR = marginal revenue MC = marginal cost that crosses both lines AC = average cost -> makes profit
- not just ANY shorts and shirts bigger logo and colorful shirts and shorts, not just black, gray and red.