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Author Question: A monopolistically competitive firm makes positive economic profits if ________. A) price is less ... (Read 97 times)

Alygatorr01285

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on: Jun 29, 2018
A monopolistically competitive firm makes positive economic profits if ________.
 
  A) price is less than average total cost
  B) price is higher than average total cost
  C) price equals marginal cost
  D) price equals average fixed cost

Question 2

In a competitive market, there are a ________ number of buyers and a ________ number of sellers.
 
  A) large; small
  B) small; large
  C) small; small
  D) large; large


hollysheppard095

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

B

Answer to Question 2

D


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Alygatorr01285

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Reply #2 on: Jun 29, 2018
Thank you :)


hollysheppard095

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Reply #3 on: Jun 29, 2018
Happy to help you


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