Author Question: The equilibrium output produced by a monopolistic competitor in the long run after the entry of new ... (Read 61 times)

ereecah · **on:** Jun 29, 2018

The equilibrium output produced by a monopolistic competitor in the long run after the entry of new firms is ________.

A) higher than the equilibrium output produced by the firm before the entry of new firms
B) lower than the equilibrium output produced by the firm before the entry of new firms
C) higher than the equilibrium output produced by a perfectly competitive firm in the long run
D) equal to the equilibrium output produced by the firm before the entry of new firms

Question 2

John deposits 800 at an annual interest rate of 6. The total amount in John's account after one year will be:

A) 822.
B) 848.
C) 864.
D) 950.