Economics Homework Help

Monopolistic Firm in The Short Run & Competitive Market Discussion

Draw the diagram for a monopolistically competitive firm, label the level of output it will choose to produce in the short-run, and label the profit of the firm.Marginal cost
Draw the diagram for a monopolistically competitive firm in the long-run and label its long-run level of output. Why is the long-run equilibrium for a monopolistically competitive market different from a perfectly competitive market?