A monopolistically competitive firm has excess capacity because in the
A) short run its MR exceeds its MC.
B) short run its ATC is less than its AVC.
C) long run its ATC exceeds its minimum ATC.
D) long run it makes an economic profit.
Question 2
If marginal cost exceeds average variable cost but is less than average total cost, then as output increases average total cost ________ and average variable cost ________.
A) increases; decreases
B) decreases; decreases
C) increases; increases
D) decreases; increases
Competitive inhibition
competitive inhibition
The 2012 U.S. presidential campaign rang with “get tough” cries to end Iran’s nuclear capacity and c
Answer the following short answer, please show your steps and include the formulas used
Data management short answer q
Short form of amino acids