What is the action verb in the sentence " We are grateful to Ms. Fronda."
difference between the point where MC=MR and the
price of a monopolistic competitor (on the graph it is marked as a line
from A to B)- its is called a mark up. [ And the greater is this mark up, the
greater is the monopolistic power of a firm. Because the demand curve is
still downward sloping, the firm will not reach the long run equilibrium at
the minimum point of the ATC
curve. Average costs may also be higher than
under pure competition, due to advertising and other costs involved in
differentiation. If there were fewer firms in industry, each firm could
produce the more effective scale of output, which would be better for
There are no new answers.