New firms enter a monopolistically competitive market structure in the long run if the price charged by the existing firms in the short run ________.
A) exceeds the average total cost of production
B) equals the average fixed cost of production
C) equals the average variable cost of production
D) equals the price charged in a perfectly competitive market
Question 2
Which of the following statements correctly highlights the difference between microeconomics and macroeconomics?
A) Microeconomics is descriptive, whereas macroeconomics is advisory.
B) Microeconomics primarily deals with positive analysis, whereas macroeconomics primarily deals with normative analysis.
C) Microeconomics deals with a small part of the economy, whereas macroeconomics deals with aggregate economic performance.
D) Microeconomics describes what economic agents actually do, whereas macroeconomics describes what economic agents ought to do.
Structure of phospholipids
Structure of a photoreceptor.
A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
Lumbar puncture. Abbreviated LP, the lumbar puncture is a common procedure that withdraws cerebrospi
To maintain balance the bipedal pelvis has a foreshortened ilium and is broader and bowl-shaped. The
Structure of a nail