A monopolistically competitive firm, like a perfectly competitive ...

[Zoey63294]

A monopolistically competitive firm, like a perfectly competitive firm, is a price taker.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

What is the shape of the average fixed cost curve for a firm in the short run?
 a. U-shaped.
  b. A curve that constantly increases as output expands and eventually approaches infinity at high rates of output.
  c. A vertical line.
  d. A curve that declines as output expands and approaches the horizontal-axis when output is large.

[alexanderhamilton]

Answer to Question 1

False

Answer to Question 2

d

[Zoey63294]

Excellent

[isabelt_18]

Gracias!