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Author Question: For a monopolistic competitive firm, which of the following is TRUE in the long run? A) ATC is ... (Read 92 times)

pepyto

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on: Jun 29, 2018
For a monopolistic competitive firm, which of the following is TRUE in the long run?
 
  A) ATC is minimized.
  B) Economic profit is zero.
  C) P = MC.
  D) all of the above

Question 2

Rent controls are an example of a
 
  A) price floor.
  B) price ceiling.
  C) price floor for the consumer and a price ceiling for the producer.
  D) nonprice rationing device.


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amanda_14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


pepyto

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bulacsom

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

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