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Author Question: When a monopolistically competitive industry is in long-run equilibrium, the excess capacity in an ... (Read 57 times)

Lin Shi

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on: Oct 12, 2022
When a monopolistically competitive industry is in long-run equilibrium, the excess capacity in an individual firm is indicated by the difference between
◦ zero and the output at which the demand curve is tangent to the ATC curve.
◦ price and marginal cost.
◦ the output at which ATC is at a minimum and the output at which price equals marginal cost.
◦ price and average cost.
◦ the output at which ATC is at a minimum and the output at which marginal revenue is equal to marginal cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Lin Shi on Oct 12, 2022

msgero

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Lin Shi

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

FergA

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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