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Author Question: Monopolistically competitive firms in long-run equilibrium produce at less than (Read 91 times)

jparksx

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on: Apr 19, 2019

Question 1

Because they produce where 
P > 
MC, we know that monopolistically competitive firms


◦ always make a profit in the short run
◦ prevent the efficient use of resources.
◦ always make a profit in the long run.
◦ produce the economically efficient quantity of output.

Question 2

Monopolistically competitive firms in long-run equilibrium produce at less than


◦ minimum 
ATC.
◦ the 
MR = 
MC output.
◦ the optimal scale.
◦ All of these are correct.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jparksx on Apr 19, 2019

Kedrick2014

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jparksx

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Reply #2 on: Apr 19, 2019
TY


Kedrick2014

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Reply #3 on: Apr 19, 2019
You're welcome


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