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Author Question: A profit-maximizing firm in monopolistic competition should shut down in the short run a. if ... (Read 105 times)

jparksx

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on: Jun 30, 2018
A profit-maximizing firm in monopolistic competition should shut down in the short run
 a. if marginal revenue is less than price
  b. if price is always less than average total cost
  c. if price is always less than average fixed cost
  d. if price is always less than average variable cost
  e. under no circumstances

Question 2

A good that is neither rival nor exclusive is called
 a. a private good
  b. a public good
  c. a quasi-private good
  d. an external good
  e. an open access good


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SomethingSomething

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

D

Answer to Question 2

B


jparksx

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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