monopolistic competition उदाहरण वाक्य
उदाहरण वाक्य
- A "'location "'( "'spatial "') "'model "'refers to any monopolistic competition model in economics that demonstrates consumer preference for particular brands of goods and their locations.
- In a simulation of monopolistic competition, each firm must be small in size, and should not be able to influence the direction of the overall market.
- The abandonment of price taking creates considerable difficulties for the demonstration of a general equilibrium except under other, very specific conditions such as that of monopolistic competition.
- A CES utility function is one of the cases considered by Stiglitz ( 1977 ) in their study of optimal product diversity in a context of monopolistic competition.
- Consistent with the theoretical model of monopolistic competition ( see Baye, 2009 ), student participants would observe and experience that their pricing decisions are controlled by the market.
- Classical economic theory assumes that a profit-maximizing producer with some market power ( either due to oligopoly or monopolistic competition ) will set marginal costs equal to marginal revenue.
- Two differences between the two are that monopolistic competition produces heterogeneous products and that monopolistic competition involves a great deal of non-price competition, which is based on subtle product differentiation.
- Two differences between the two are that monopolistic competition produces heterogeneous products and that monopolistic competition involves a great deal of non-price competition, which is based on subtle product differentiation.
- Milton Friedman agreed that markets with monopolistic competition are not efficient, but argued that in countries with free trade, the pressure from foreign competition would make monopolies behave in a competitive manner.
- This started a shift in macroeconomics away from using the model of perfect competition with price taking agents to using imperfectly competitive equilibria with price and wage setting agents ( mostly adopting monopolistic competition ).