Author Question: Which of the following is not true of long run equilibrium under monopolistic competition? a. Price ... (Read 98 times)

iveyjurea · **on:** Jun 30, 2018

Which of the following is not true of long run equilibrium under monopolistic competition?
a. Price equals marginal cost.
b. Price equals average cost.
c. Price equals minimum average total cost.
d. None of the above.

Question 2

How can the government cut the cost of negotiation among car owners regarding LoJack installation?
a. The government can impose a quota on the import of LoJacks.
b. The government can invite public opinion on LoJacks.
c. The government can limit the number of companies producing LoJacks.
d. The government can randomly select cars to install LoJacks.