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Author Question: In long-run equilibrium in a monopolistically competitive market, firms typically: a. earn a normal ... (Read 74 times)

frankwu

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on: Jun 30, 2018
In long-run equilibrium in a monopolistically competitive market, firms typically:
 a. earn a normal profit.
 b. charge a price equal to marginal cost.
 c. earn an above-normal profit.
 d. charge a price equal to marginal revenue.

Question 2

A contract can help a seller to receive better creditors to finance his/her inventory.
  Indicate whether the statement is true or false


Harbringer

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

T


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