In the long run a perfectly competitive firm operates ____ and a ...

[jeatrice]

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]

Answer to Question 1

a

Answer to Question 2

False