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Author Question: When a monopolistically competitive firm is in long-run equilibrium: a. the demand curve will be ... (Read 88 times)

DyllonKazuo

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on: Jun 30, 2018
When a monopolistically competitive firm is in long-run equilibrium:
 a. the demand curve will be perfectly elastic.
  b. marginal cost must be falling.
 c. price exceeds marginal cost.
 d. marginal revenue exceeds marginal cost.

Question 2

The euro floats against other currencies, but the member nations of the euro have no separate national money. For this reason, Spain, that uses the euro as its currency is listed under the managed float arrangement.
 a. True
  b. False
  Indicate whether the statement is true or false


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quynhmickitran

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


DyllonKazuo

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  • Posts: 565
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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