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Monopolistic competition

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Question 3

An on-demand dry cleaning mobile app, operating in a monopolistically competitive market, decides to transition from hiring salaried delivery couriers to contracting gig-economy drivers who are paid purely per delivery. This structural change successfully lowers both its marginal cost and average cost of servicing an order.

Explain, using a diagram, the effect of this decision on the firm's equilibrium position in the short run.

A monopolistic competition diagram showing a downward shift in average and marginal cost curves

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Monopolistic competition Questions

  1. A Level
  2. /Economics
  3. /Monopolistic competition