[Answered] In the long run, a firm in a monopolistically competitive industry has its price equal to its A) ...

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beccaep

Hero Member
Posts: 535

on: Jun 29, 2018

In the long run, a firm in a monopolistically competitive industry has its price equal to its

A) average total cost.
B) marginal cost.
C) marginal revenue.
D) elasticity of demand.

Question 2

In the figure above, the single-price, unregulated monopoly sets a price of

A) 80 per unit.
B) 60 per unit.
C) 40 per unit.
D) 0 per unit.

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tashiedavis420

Sr. Member
Posts: 329

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

B

beccaep

Hero Member
Posts: 535

Reply #2 on: Jun 29, 2018

Correct answers!

tashiedavis420

Sr. Member
Posts: 329

Reply #3 on: Jun 29, 2018

Great! Please up vote

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