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 chymotrypsin
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Structure of the p53–DNA complex
Perform the indicated division (long division polynomials)
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Ciliate Structure: Paramecium