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Author Question: Monopolistically competitive firms prevent the efficient use of resources because in long-run equilibrium (Read 73 times)

SGallaher96

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on: Apr 19, 2019

Question 1

In long-run monopolistically competitive equilibrium, there can be


◦ economic profits, but not losses.
◦ economic profits or losses.
◦ no economic profits, but losses.
◦ neither economic profits nor losses.

Question 2

Monopolistically competitive firms prevent the efficient use of resources because in long-run equilibrium


◦ price is less than marginal cost.
◦ price is greater than marginal cost.
◦ price equals marginal cost.
◦ marginal cost is greater than average total cost.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by SGallaher96 on Apr 19, 2019

ryrychapman11

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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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SGallaher96

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Reply #2 on: Apr 19, 2019
Thank you!


ryrychapman11

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Reply #3 on: Apr 19, 2019
Always glad to help...


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