« previous next »

Author Question: In long-run equilibrium in a monopolistically competitive market, firms typically: a. earn a normal ... (Read 31 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
In long-run equilibrium in a monopolistically competitive market, firms typically:
 a. earn a normal profit.
 b. charge a price equal to marginal cost.
 c. earn an above-normal profit.
 d. charge a price equal to marginal revenue.

Question 2

A contract can help a seller to receive better creditors to finance his/her inventory.
  Indicate whether the statement is true or false


Harbringer

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

T


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s Glioma. (a) Illustration of a large glioma (colored area) within the left cerebral hemisphere in a s
Normal lab values Normal lab values
An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ... An 82-kg painter stands on a long horizontal board 1.55 m from one end. This 27-kg board is ...
People who are color-blind see colors differently. (a) Those with normal vision see the red leaves. People who are color-blind see colors differently. (a) Those with normal vision see the red leaves.
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Import of Dietary Glucose from Intestines to Bloodstream

For a complete list of videos, visit our video library