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论文作者:英语论文网论文属性:作业 Assignment登出时间:2012-06-15编辑:yuanleilei点击率:2216
论文字数:930论文编号:org201206151902119307语种:英语 English地区:英国价格:免费论文
关键词:monopolistic competitionperfect competition英国预科作业
摘要:本文为英国名校本科经济类论文,是关Is monopolistic competition more or less efficient than perfect competition?的写作。由英语论文网提供。
Is monopolistic competition more or less efficient than perfect competition?
1.0 Introduction
This report mainly discusses the comparison between monopolistic competition and perfect competition, and make comparisons in terms of which is the more efficient. In the second part is a brief introduction to the basics of monopolistic and perfect competition. Monopolistic https://www.51lunwen.org/ukthesis/2012/0530/1030322329.html
competition is characterized by both monopoly and competition. Perfectly-competitive markets are not productively efficient, monopolistic competition is not allocatively efficient, the respective advantages as well as disadvantages, and after which a rational comparison between the two, and conclusion is is reached that perfect competition is better in efficiency than monopolistic competition.
1.0 Introduction
2.0 Comparison between monopolistic competition and perfect competition
Monopolistic competition
Perfect competition
Comparison
3.0 Conclusion
4.0 References
3.0 Conclusion
After the analysis of both sides of monopolistic and perfect competition, it has been reached that perfect competition is better in efficiency than monopolistic competition. Monopolistic competition does not allocate resources efficiently, and price charged is greater than marginal revenue in the long run. This kind of inequality causes inefficient competition. Monopolistic competition charges a higher price than perfect competition. Monopolistic competition produces less output than perfect competition. the price for a monopolistically competitive firm is higher than the marginal cost of production. the price for a monopolistically competitive firm is higher than the marginal cost of production. And as a result, the efficiency condition that price equals marginal cost is violated. A monopolistically competitive firm is less efficient because it has market control and has a demand curve which is negatively sloped.
References
1.Antony Davies & Thomas Cline (2005). "A Consumer Behavior Approach to Modeling Monopolistic Competition". Journal of Economic Psychology 26 (6): 797–826.
2.Appel, Jacob. (2009) The Case for Contests Poets & Writers, Jan/Feb.
3.Joshua Gans, Stephen King, Robin Stonecash, N. Gregory Mankiw (2003). Principles of Economics. Thomson Learning.
4.Petri, F. (2004), General Equilibrium, Capital and Macroeconomics, Cheltenham: Edward Elgar. https://www.51lunwen.org/ukthesis/2012/0530/1030322329.html
5.Ryckman, R. M., Thornton, B., Butler, J. C. (1994). "Personality correlates of the hypercompetitive attitude scale: Validity tests of Horney's theory of neurosis". Journal of Personality Assessment