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

Author Question: For a monopolistic competitive firm, which of the following is TRUE in the long run? A) ATC is ... (Read 102 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 29, 2018
For a monopolistic competitive firm, which of the following is TRUE in the long run?
 
  A) ATC is minimized.
  B) Economic profit is zero.
  C) P = MC.
  D) all of the above

Question 2

Rent controls are an example of a
 
  A) price floor.
  B) price ceiling.
  C) price floor for the consumer and a price ceiling for the producer.
  D) nonprice rationing device.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


pepyto

  • Member
  • Posts: 547
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
Long bones develop from several bony centers--one for the shaft and at least one for each end. The e Long bones develop from several bony centers--one for the shaft and at least one for each end. The e
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
Associative Long-Term Potentiation Associative Long-Term Potentiation
Competitive drug enzyme immunoassay. Competitive drug enzyme immunoassay.
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 ...
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library