This topic contains a solution. Click here to go to the answer

Author Question: If a monopolistically competitive firm is in long-run equilibrium and average cost equals 150, then ... (Read 82 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
If a monopolistically competitive firm is in long-run equilibrium and average cost equals 150, then the market price must be 150.
 a. True
  b. False

Question 2

The efficient level of public good provision is determined
 a. where the market demand curve intersects the marginal cost curve
  b. where the sum of individual valuations equals the sum of marginal costs
  c. without regard to economic factors
  d. where marginal revenue product equals marginal factor cost
  e. at the minimum point of the average total cost curve



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bitingbit

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

A

Answer to Question 2

A




asd123

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Wow, this really help


aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

For a complete list of videos, visit our video library