In the short run, the monopolistic competitive firm will charge a ...

[Medesa]

In the short run, the monopolistic competitive firm will charge a price equal to marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The average fixed cost of a firm equal:
 a. implicit costs divided by output.
  b. explicit costs divided by output.
  c. total cost minus variable cost.
  d. total cost minus total variable cost divided by output.

[ktidd]

Answer to Question 1

False

Answer to Question 2

d

[Medesa]

Thanks for the timely response, appreciate it

[flexer1n1]

Excellent