Author Question: If regulators were to ensure that monopolistically competitive firms follow a marginal cost-pricing ... (Read 76 times)

altibaby · **on:** Jun 30, 2018

If regulators were to ensure that monopolistically competitive firms follow a marginal cost-pricing rule:
a. new firms would be likely to enter the market.
b. the most efficient firms would not likely be affected.
c. all firms would experience losses.
d. firms would operate at the most efficient scale.

Question 2

The farmer's association is a type of government with unlimited jurisdiction.
Indicate whether the statement is true or false