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Author Question: In long-run equilibrium, a monopolistically competitive firm will produce a. at the minimum average ... (Read 89 times)

Zulu123

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on: Jun 30, 2018
In long-run equilibrium, a monopolistically competitive firm will produce
 a. at the minimum average cost
  b. at full capacity
  c. along the downward-sloping portion of its ATC curve
  d. along the upward-sloping portion of its ATC curve
  e. at the minimum of marginal cost

Question 2

An example of competing-interest legislation is
 a. a quota that limits imports of steel to the United States
  b. a subsidy to cigarette producers
  c. tax breaks for auto manufacturers
  d. a new bridge in Arizona funded by general tax revenues
  e. public education subsidies


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anyusername12131

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

C

Answer to Question 2

A


Zulu123

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

marict

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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