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Author Question: Which of the following is FALSE regarding the long run for a firm in monopolistic competition? A) ... (Read 29 times)

jrubin

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on: Jun 29, 2018
Which of the following is FALSE regarding the long run for a firm in monopolistic competition?
 
  A) The firm makes zero economic profit.
  B) Price equals average total cost.
  C) Output is not produced at minimum average total cost.
  D) None of the above is a false statement.

Question 2

The president of which Federal Reserve Bank is always a voting member of the FOMC?
 
  What will be an ideal response?


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Li Jun

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

D

Answer to Question 2

The president of the New York Federal Reserve Bank is always a voting member of the FOMC. The presidents of the other Federal Reserve Banks rotate on and off as voting members. The president of the New York Federal Reserve Bank is always a voting member because the New York Federal Reserve Bank implements the Fed's policy decisions.


jrubin

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

tuate

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

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