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Author Question: A monopolistically competitive firm, like a perfectly competitive firm, is a price taker. a. True ... (Read 111 times)

Zoey63294

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on: Jun 30, 2018
A monopolistically competitive firm, like a perfectly competitive firm, is a price taker.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

What is the shape of the average fixed cost curve for a firm in the short run?
 a. U-shaped.
  b. A curve that constantly increases as output expands and eventually approaches infinity at high rates of output.
  c. A vertical line.
  d. A curve that declines as output expands and approaches the horizontal-axis when output is large.


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alexanderhamilton

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

False

Answer to Question 2

d


Zoey63294

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  • Posts: 539
Reply 2 on: Jun 30, 2018
Gracias!

nguyenhoanhat

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Reply 3 on: Yesterday
:D TYSM

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