When a monopolistically competitive firm is in long-run ...

[DyllonKazuo]

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

[quynhmickitran]

Answer to Question 1

c

Answer to Question 2

False

[DyllonKazuo]

Gracias!

[shewald78]

Thanks for the timely response, appreciate it