题目
ECON_104B_001_25S Econ 104B Final Exam from Spring 2024 Quarter
多重下拉选择题
Refer to Figure 1 above. Considering the short run characteristics of this firm in monopolistic competition, what do you expect to happen to each of the following curves in the long run? Demand? [ Select ] Marginal Revenue? [ Select ] Marginal Cost? [ Select ] Average Total Cost? [ Select ]
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标准答案
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思路分析
First, restating the scenario helps frame the analysis: we are considering the long-run adjustments for a firm in monopolistic competition, given the question asks how each curve would shift or stay the same.
Option 1: Demand — Decrease (shift left)
- In the long run, easy entry and exit in monopolistic competition erode individual firms' market power.......Login to view full explanation登录即可查看完整答案
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