Author Question: The equilibrium price charged by a monopolistic competitor in the long run after the entry of new ... (Read 86 times)

Engineer · **on:** Jun 29, 2018

The equilibrium price charged by a monopolistic competitor in the long run after the entry of new firms is ________.

A) higher than the equilibrium price charged by the firm before the entry of new firms
B) lower than the equilibrium price charged by the firm before the entry of new firms
C) lower than the equilibrium price charged by a perfectly competitive firm in the long run
D) equal to the equilibrium price charged by the firm before the entry of new firms

Question 2

Ryan deposits 900 at an annual interest rate of 9. The total amount in Ryan's account after one year will be ________.

A) 963
B) 975
C) 981
D) 999