This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about a firm in long-run equilibrium is true? (Read 72 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: May 24, 2019
Which of the following statements about a firm in long-run equilibrium is true?
◦ P > MC for a firm in monopolistic competition, and P = ATC for a firm in perfect competition
◦ MR > P for a firm in monopolistic competition, and P = ATC for a firm in perfect competition
◦ P = MC for firms in both monopolistic competition and perfect competition
◦ P = MC for a firm in perfect competition, and P < ATC for a firm in monopolistic competition
◦ Both answers P > MC for a firm in monopolistic competition, and P = ATC for a firm in perfect competition and MR > P for a firm in monopolistic competition, and P = ATC for a firm in perfect competition are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by leo leo on May 24, 2019

akudia

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: May 24, 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.
Answer Preview
Only 39% of students answer this correctly


leo leo

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: May 24, 2019
Excellent


akudia

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Having a time zone map located near the telephone will assist you when making long distance calls ou Having a time zone map located near the telephone will assist you when making long distance calls ou
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ... Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ...
Long-wave energy flux is emitted from Earth Long-wave energy flux is emitted from Earth
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
Demographic transition model for changes in population growth rates and sizes, correlated with long- Demographic transition model for changes in population growth rates and sizes, correlated with long-
Video: Insulin (glucose uptake by body cells), glycogenesis and lipogenesis

For a complete list of videos, visit our video library