In the long run a monopolistic competitor A) set MR = MC. B) ...

[piesebel]

In the long run a monopolistic competitor
 
  A) set MR = MC.
  B) produces where P = AC.
  C) sets P > MC.
  D) All of the above.

Question 2

A company will strive to minimize
 
  A) transaction costs.
  B) costs of internal operations.
  C) total costs of transactions and internal operations combined.
  D) variable costs.

[kswal303]

Answer to Question 1

D

Answer to Question 2

C

[piesebel]

Excellent

Thanks for the timely response, appreciate it