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Author Question: Entry of new firms will occur in a monopolistic competitive industry until: a. marginal cost equals ... (Read 70 times)

student77

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on: Jun 30, 2018
Entry of new firms will occur in a monopolistic competitive industry until:
 a. marginal cost equals zero.
  b. marginal revenue equals zero.
  c. marginal revenue equals marginal cost.
  d. economic profit equals zero.
  e. economic profit is negative.

Question 2

Payments to nonowners of a firm are called:
 a. implicit costs.
  b. accounting costs.
  c. explicit costs.
  d. economic costs.


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srodz

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

d

Answer to Question 2

a


student77

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Liddy

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Reply 3 on: Yesterday
Excellent

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