This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Monopolistically competitive firms in long-run equilibrium produce at less than (Read 45 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jparksx on Apr 19, 2019

Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
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.
Answer Preview
Only 64% of students answer this correctly


jparksx

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Apr 19, 2019
TY


Kedrick2014

  • Sr. Member
  • ****
  • Posts: 359
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Bt corn has been genetically engineered to produce a protein Bt corn has been genetically engineered to produce a protein
What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ... What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ...
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
opener E. coli have been genetically engineered to produce lycopene opener E. coli have been genetically engineered to produce lycopene
Video: Phases of mitosis

For a complete list of videos, visit our video library