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Author Question: In long-run equilibrium, a monopolistically competitive firm's demand curve will be tangent to its ... (Read 111 times)

mmm

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  • Posts: 558
on: Jun 30, 2018
In long-run equilibrium, a monopolistically competitive firm's demand curve will be tangent to its average cost curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following exchange rate systems have a legislative commitment to exchange domestic currency for a specified foreign currency at a fixed exchange rate?
 a. Gold standard
  b. Gold exchange standard
  c. Crawling band
  d. Horizontal band
  e. Currency board


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Bsand8

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

True

Answer to Question 2

e


mmm

  • Member
  • Posts: 558
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

nanny

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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