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Author Question: In the short run, the monopolistic competitive firm will charge a price equal to marginal cost. a. ... (Read 88 times)

Medesa

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on: Jun 30, 2018
In the short run, the monopolistic competitive firm will charge a price equal to marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The average fixed cost of a firm equal:
 a. implicit costs divided by output.
  b. explicit costs divided by output.
  c. total cost minus variable cost.
  d. total cost minus total variable cost divided by output.


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ktidd

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

False

Answer to Question 2

d


Medesa

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  • Posts: 507
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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