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Social Science Clinic => Economics => Microeconomics => Topic started by: Marty on Oct 8, 2019

Title: Long-run equilibrium under monopolistic competition and perfect competition is similar in that
Post by: Marty on Oct 8, 2019

Long-run equilibrium under monopolistic competition and perfect competition is similar in that

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firms produce at the minimum point of their average cost curves.

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price equals marginal cost.

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price equals marginal revenue.

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firms break even.

Title: Long-run equilibrium under monopolistic competition and perfect competition is similar in that
Post by: nguyenhoanhat on Oct 8, 2019

firms break even.

Title: Long-run equilibrium under monopolistic competition and perfect competition is similar in that
Post by: Marty on Oct 8, 2019

Excellent

Title: Long-run equilibrium under monopolistic competition and perfect competition is similar in that
Post by: nguyenhoanhat on Oct 8, 2019

Great! Please up vote :D