垄断竞争市场(Monopolistic Competition)

Monopolistic competition 垄断竞争 Product differentiation 产品差异化 Downward-sloping demand curve 向下倾斜的需求曲线 Marginal revenue 边际收益 Average total cost 平均总成本 Economic profit 经济利润 Zero economic profit 零经济利润 Excess capacity 产能过剩 Allocative efficiency 配置效率 Productive efficiency 生产效率 Market entry 市场进入 Market exit 市场退出 Innovation 创新 Brand loyalty 品牌忠诚度 Advertising 广告 Price elasticity of demand 需求价格弹性 Marginal cost 边际成本 Opportunity cost 机会成本 Explicit costs 显性成本 Implicit costs 隐性成本 Equilibrium 均衡 Long-run equilibrium 长期均衡 Profit maximization 利润最大化 Consumer surplus 消费者剩余 Producer surplus 生产者剩余 Diminishing marginal returns 边际报酬递减