The number of firms in monopolistic competition normally range between:

A. 14 to 28

B. 14 to 80

C. 14 to 38

D. 14 to 60

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. We get constant returns to scale when:
  2. Marginal utility (MU) always:
  3. In joint-profit maximization cartel, the distribution of profit is:
  4. The basic subject matter of economics is:
  5. In the case of a giffen good, the income effect:
  6. In short run, a firm can change its:
  7. Normal profits are considered as:
  8. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  9. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  10. Contracts made by firms in cooperative games are:
  11. Under perfect competition, the average revenue, marginal revenue and price are shown:
  12. The external economies of scale experienced by a firm include the:
  13. Which is the correct statement?
  14. In short-run, in monopolistic competition, a firm earns:
  15. According to Diamond Water Paradox diamonds are more expensive than water because:
  16. Who finalized the model of monopolistic competition?
  17. The study of economics just in theoretical way is called:
  18. When total revenue is maximum in monopoly, elasticity of demand is:
  19. J.R.Hicks was:
  20. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  21. Labor Saving Technological Progress can be defined as:
  22. The number of sellers in duopoly is:
  23. According to M.Kalecki, the true measure of the degree of monopoly power is the:
  24. The real income of a consumer is income in terms of:
  25. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  26. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  27. In Edgeworth model, if price falls below competitive price, the demand is:
  28. Elasticity (E) expressed by the term, 1>E>0, is:
  29. MRSxy measures:
  30. If the demand for good is more elastic and government levied a tax per unit of output, the price per…