This topic contains a solution. Click here to go to the answer

Author Question: For a monopolistically competitive firm in long-run equilibrium (Read 99 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576

Question 1

As new firms enter a monopolistically competitive industry, the demand


◦ and marginal revenue curves facing each firm begin to shift to the right.
◦ curve facing each firm begins to shift to the right but the marginal revenue curve remains constant.
◦ and marginal revenue curves facing each firm begin to shift to the left.
◦ curve facing each firm shifts to the left, but the marginal revenue curve remains constant.

Question 2

For a monopolistically competitive firm in long-run equilibrium


◦ the demand curve must intersect the average total cost curve at the 
ATC curve minimum.
◦ the demand curve must be tangent to the average total cost curve at the 
ATC curve minimum.
◦ at the profit-maximizing quantity, the demand curve must intersect the average total cost curve.
◦ at the profit-maximizing quantity, the demand curve must be tangent to the average total cost curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

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

lorealeza

  • Sr. Member
  • ****
  • Posts: 345
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 49% of students answer this correctly




nummyann

  • Member
  • Posts: 576
Reply 2 on: Apr 19, 2019
Wow, this really help


daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

For a complete list of videos, visit our video library