Author Question: In the short run, the monopolistic competitive firm will charge a price equal to marginal cost. a. ... (Read 45 times)

Medesa · **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.