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Author Question: In equilibrium under monopolistic competition: a. firms always earn profits in the short run. b. ... (Read 26 times)

newbem

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on: Jun 30, 2018
In equilibrium under monopolistic competition:
 a. firms always earn profits in the short run.
 b. firms always suffer losses in the short run.
 c. output is at the socially efficient level in the long run.
  d. marginal revenue is less than price.

Question 2

The IMF comprises of 50 member countries including all developed countries, and a few countries of Asia and Latin America.
 a. True
  b. False
  Indicate whether the statement is true or false


SeanoH09

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


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