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Author Question: In the long run a perfectly competitive firm operates ____ and a monopolistically competitive firm ... (Read 119 times)

jeatrice

  • Hero Member
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  • Posts: 543
on: Jun 30, 2018
In the long run a perfectly competitive firm operates ____ and a monopolistically competitive firm operates ____.
 a. at the efficient scale; with excess capacity
  b. at the efficient scale; at the efficient scale
  c. with excess capacity; with excess capacity
  d. with excess capacity; at the efficient scale

Question 2

A fixed exchange rate can be an equilibrium rate even if there is a permanent shift in the foreign exchange market supply and demand curves.
 a. True
  b. False
  Indicate whether the statement is true or false


Andromeda18

  • Sr. Member
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  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

False


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