Author Question: In long-run equilibrium, a monopolistically competitive firm will produce a. at the minimum average ... (Read 96 times)

Zulu123 · **on:** Jun 30, 2018

In long-run equilibrium, a monopolistically competitive firm will produce
a. at the minimum average cost
b. at full capacity
c. along the downward-sloping portion of its ATC curve
d. along the upward-sloping portion of its ATC curve
e. at the minimum of marginal cost

Question 2

An example of competing-interest legislation is
a. a quota that limits imports of steel to the United States
b. a subsidy to cigarette producers
c. tax breaks for auto manufacturers
d. a new bridge in Arizona funded by general tax revenues
e. public education subsidies