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Author Question: For a monopolistically competitive firm in long-run equilibrium (Read 88 times)

nummyann

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  • Posts: 576
on: Apr 19, 2019

Question 1

As new firms enter a monopolistically competitive industry, the demand


◦ and marginal revenue curves facing each firm begin to shift to the right.
◦ curve facing each firm begins to shift to the right but the marginal revenue curve remains constant.
◦ and marginal revenue curves facing each firm begin to shift to the left.
◦ curve facing each firm shifts to the left, but the marginal revenue curve remains constant.

Question 2

For a monopolistically competitive firm in long-run equilibrium


◦ the demand curve must intersect the average total cost curve at the 
ATC curve minimum.
◦ the demand curve must be tangent to the average total cost curve at the 
ATC curve minimum.
◦ at the profit-maximizing quantity, the demand curve must intersect the average total cost curve.
◦ at the profit-maximizing quantity, the demand curve must be tangent to the average total cost curve.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nummyann on Apr 19, 2019

lorealeza

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nummyann

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Reply 2 on: Apr 19, 2019
Wow, this really help

kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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