monopolistic market

0.0(0)
Studied by 0 people
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/4

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 3:39 PM on 5/8/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

5 Terms

1
New cards

what are the characteristics

  • many buyers and sellers

  • slightly differentiated goods

  • firms are price makers

  • low barriers to enter and exit

  • good info

  • non-price comp

  • firms profit max

2
New cards

what are examples of monopolistic firms

hairdressers, barbers and nightclubs

3
New cards

are they allocative efficient in the LR

no

4
New cards

are they productively efficient in the LR

no

5
New cards

are they dynamically efficient in the LR

no