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Author Question: In the long run, monopolistically competitive firms have: a. excess capacity. b. positive profits. ... (Read 45 times)

APUS57

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on: Jun 30, 2018
In the long run, monopolistically competitive firms have:
 a. excess capacity.
  b. positive profits.
  c. minimal average costs.
  d. homogeneous production.

Question 2

Given the prices of two goods, all quantity combinations inside the budget line are:
 a. indifferent.
  b. efficient.
  c. unattainable.
  d. attainable.


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frankwu0507

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

a

Answer to Question 2

d


APUS57

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

LVPMS

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Reply 3 on: Yesterday
Wow, this really help

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