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Author Question: Which of the following is not a characteristic of long-run equilibrium in a monopolistically ... (Read 49 times)

c0205847

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on: Jun 29, 2018
Which of the following is not a characteristic of long-run equilibrium in a monopolistically competitive market?
 
  A) Production is at minimum average total cost. B) Marginal revenue equals marginal cost.
  C) Selling price equals average total cost. D) Selling price is greater than marginal cost.

Question 2

The median voter model implies that
 
  A) people in the political middle will be dissatisfied with the amount of spending on government funded projects.
  B) spending on government funded projects reflects the preferences of only those far away from the median.
  C) many people will be satisfied with the amount of spending on government funded projects.
  D) many people will be dissatisfied with the amount of spending on government funded projects.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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mjbamaung

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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