Monopolistic competition

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  • Created by: Jade
  • Created on: 01-12-12 12:41
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K C R H R L K Q D X A X T H E C E E Q S N

Clues

  • Firms in monopolistic competition are only going to make what profit in the long run? (6, 6)
  • Given the product differentiation, it should be clear that firms in monopolistic competition compete through ? (3, 5, 11)
  • In both short run and long run - in terms of allocative efficiency... (3)
  • In monopolistic competition, the demand curve is ? (10, 7)
  • Monopolistically competitive firms have _________ - this is because their products are differentiated. (4, 5, 6, 5)

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