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CFA一定过! · 2024年02月12日

为什么这个不是perfect competition?

NO.PZ2023071902000037

问题如下:

QuestionIf a firm encounters numerous competitors, a downward-sloping demand curve for its products, and zero economic profits in the long run, which characteristic is it least likely to possess?

选项:

A.No pricing power

B.Low barriers to entry

C.Differentiated product

解释:

Solution
  1. In the context of monopolistic competition, firms encounter many competitors and generally have limited pricing power due to the downward-sloping demand curve. While they may offer differentiated products through advertising and non-price strategies, they still maintain some level of pricing power. However, the ease of entry into the market results in zero economic profits in the long run

  2. Incorrect. "Low barriers to entry"&"Product differentiation" are characteristics of monopolistic competition.
The Firm and Market Structures

• describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly

如题,为什么一定就是monopoly competition

1 个答案

笛子_品职助教 · 2024年02月12日

嗨,从没放弃的小努力你好:


本题先给出几个特征: numerous competitors、 a downward-sloping demand curve for its products、zero economic profits in the long run。

这是垄断竞争市场。


如果是完全竞争,则需求曲线是horizon,而不是题目给出的downward sloping。

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

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