I'm dealing with "internal economies of scale". We are considering monopolistic competition as an example. We assumed that firms are symmetric: they face the same demand function and have the same cost function.
Why do firms falling in this situation, have different marginal cost functions? Why is it true that some are well performing and some are not?

Question

02-04-2021
Business

Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

I'm dealing with "internal economies of scale". We are considering monopolistic competition as an example. We assumed that firms are symmetric: they face the same demand function and have the same cost function.
Why do firms falling in this situation, have different marginal cost functions? Why is it true that some are well performing and some are not?

Sagot :

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.

Which statement is based on the information in the table? OA. There were fewer pieces of legislation passed during President Carter's administration than during

Join G⭕new in how many years will 24000 amount to 27783 at 5% per annum compounded annually?

What claim will you make about Romeo's and Juliet's interactions with Friar Laurence, how the interactions differ, and how they advance the plot and develop a t

1) For each pair of reactants, will there be a reaction? Al(s) + HCl(aq) Cd(s) + H₂SO4(aq) Mn(s) + Ni(NO3)2(aq) Co(s) + Mg(C₂H3O2)2(aq)

The perimeter of a regular octagon with side s is 8s. James is making a planter shaped like an octagon to surround the base of his favorite oak tree. Each side

f(x)=3x square + x f(-5)

Think of the many reasons people take multivitamins and other supplements, and then answer the following questions. 1. What are the pros and cons of using these

What kind of family do you live in What do you think the advantages and disadvantaged of living in an extended or a nuclear family are?

WILL GIVE 100, PLEASE ACTUALLY AWNSER THIS, AND PLEASE AWNSER ALL PARTS We often assume that art increases people's humanity. Yet examples abound of great appre

Consider the following representation of a Normal form game. actions x y z w a (34,27) (22,33) (40,15) (32,11) b (35,40) (35,18) (46,16) (11,12) c (8,28) (8,34

dhanvigowda2016 dhanvigowda2016 · Answer 1 · 2021-04-02T07:28:11-04:00

dhanvigowda2016 dhanvigowda2016

02-04-2021

Answer:

The concept of Micro-Economics are the elasticity of demand, marginal costs, the ... firm. ME deals with Demand analysis, Forecasting, Production function, Cost ... same. Because this is the world of competition and it has to be faced with all the possible options. 5. ... When we consider the demand for a commodity by all the.

Answer Link

Sagot :

Other Questions