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Author Question: Firms in monopolistic competition can make an economic profit in the long run. Indicate whether ... (Read 51 times)

savannahhooper

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on: Jun 29, 2018
Firms in monopolistic competition can make an economic profit in the long run.
 
  Indicate whether the statement is true or false

Question 2

A marginal cost pricing rule for a natural monopoly sets ________.
 
  A) price equal to marginal cost and greater than average total cost
  B) marginal revenue equal to marginal cost
  C) marginal revenue equal to average total cost
  D) price equal to marginal cost


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Jossy

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

FALSE

Answer to Question 2

D


savannahhooper

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Reply #2 on: Jun 29, 2018
Thank you :)


Jossy

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Reply #3 on: Jun 29, 2018
Happy to help you


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