Causes d curve for an existing firm to decrease and

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-causes D curve for an existing firm to decrease and flatten (become more elastic) until P=ATC and MR=MC as more firms enter the industry, = inefficiencies become smaller, making MCM look more like PCM advertising = when a firm advertises a product, it is trying to shift the demand curve for the product to the right and to make it more inelastic
One reason why the "fast-casual" restaurant market is competitive is that
The reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because
All of the following characteristics are common to both monopolistic competition and perfect competition except
A major difference between monopolistic competition and perfect competition is A) the number of sellers in the markets. B) the degree by which the market demand curves slope downwards. C) that products are not standardized in monopolistic competition unlike in perfect competition.

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