Talk:Monopolistic competition

message: ...of monopolistic competition??
"including the markets for restaurants, books, clothing, films and service industries in large cities." I believe it would me much better using the examples of 'Taxi Firms, Foreign Cuisine(i.e Chinese, Indian)'. I think it would be an extremely sensible assumption if we said That some of the markets mentioned were actually oligopolistic and do hold some barriers to entry. E.g It is incresingly hard to enter the clothing market and compete with such market shares of the big clothes chains. Lukeitfc 18:21, 4 October 2006 (UTC)
replies: text: Thanks for your help 🙂🙂🙂 105.112.24.248 (talk) 21:36, 18 September 2023 (UTC)

text: I'm not following your argument. If you're looking for examples of monopolistically competitive industries, select any industry in which brand name plays a prominent role. Wikiant 21:34, 5 October 2006 (UTC)

text: Monopolistic competition isn't where brand names play a prominent role though, it's very similar to perfect competition, but with product differentiation.Lukeitfc 19:18, 6 October 2006 (UTC)

text: Reliance on brand names is an indicator of monopolistic competition. There is no point in the firm differentiating its product if it cannot then direct consumers to its product (versus its competitors' products). Hence, if firms spend money developing brand names, it is likely that the industry is monopolistically competitive. You are correct that the difference between perfect competition and monopolistic competition is differentiation. However, because differentiation need not be "objective" but merely "perceived," it becomes difficult to identify what industries do and do not have differentiated brands. Because it is easy to observe which industries spend significant energy developing brand names, the prevelance of brand names ends up being a better ex post indicator of monopolistic competition. Wikiant 20:03, 6 October 2006 (UTC)
thread_title:  Are these really examples 

message: On the long run equilibrium profits tend to be more than zero, because competition among profit maximizing companies with demand curves of imperfect elasticity will not bring the average cost to equal average revenue since, obviously, this is not profit maximizing. And if profits were zero, then it would not be inefficient because its level of output will equal output in perfect competition since both situations are similar in the model, the only difference is on the elasticity of supply and demand.--201.21.231.165 00:07, 23 August 2007 (UTC)
thread_title:  Profits on Long run Equilibrium 

message: I can make some guesses as to what they're supposed to mean, but I don't have the same textbook sitting in front of me that whoever put those there does.  At a minimum, an explaination of what every one of those abbreviations is would be nice.  —Preceding unsigned comment added by Andy Christ (talk • contribs) 23:22, 9 April 2008 (UTC)
thread_title:  Graphs need legends 

message: The inefficiencies associated with the MC market structure are socially undesireable. The question is whether there are countervailing benfits. The factor most frequently mentioned is the desirability of having a variety of choices. At the theoretical level this factor would seem to make no difference becuase of the assumption of perfect knowledge. The MC consumer knows perfectly well which product he will purchase and the fact that there are "Choices" does nothing to increase or diminsih the utility associated with the consumed good.Jgard5000 (talk) 17:33, 26 October 2009 (UTC)
thread_title: Inefficiency

message: No pictures?Lbertolotti (talk) 19:18, 15 August 2013 (UTC)
replies: text: There were some figures, which were removed without explanation in March 2013, so I've brought them back. Yaris678 (talk) 19:14, 11 March 2014 (UTC)
thread_title:  Picture 

message: Why don't these sections just say "monopolistic?" --Daniel J. Hakimi (talk) 01:22, 8 September 2018 (UTC)
thread_title:  "Monopoloistically Competitive"