Author Question: In the long run a monopolistic competitor A) set MR = MC. B) produces where P = AC. C) sets P ... (Read 55 times)

piesebel · **on:** Jul 1, 2018

In the long run a monopolistic competitor

A) set MR = MC.
B) produces where P = AC.
C) sets P > MC.
D) All of the above.

Question 2

A company will strive to minimize

A) transaction costs.
B) costs of internal operations.
C) total costs of transactions and internal operations combined.
D) variable costs.