This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements regarding the long run for a profit-maximizing monopolistically ... (Read 74 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
Which of the following statements regarding the long run for a profit-maximizing monopolistically competitive firm is FALSE?
 
  A) The firm is making zero economic profit.
  B) The firm produces the quantity of output for which marginal revenue equals marginal cost.
  C) The average total cost equals the price.
  D) The firm produces the quantity at which the marginal revenue curve intersects the demand curve.

Question 2

In the figure above, if income were distributed equally across all households, the richest 20 percent of households would receive ________ of total income.
 
  A) 45 percent
  B) 25 percent
  C) 20 percent
  D) 15 percent



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Answer to Question 1

D

Answer to Question 2

C




dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 29, 2018
:D TYSM


T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

For a complete list of videos, visit our video library