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Author Question: In the long run, a monopolistically competitive firm that is incurring a loss will ________ if total ... (Read 68 times)

TVarnum

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on: Apr 19, 2019

Question 1

A monopolistically competitive firm minimize its losses by producing where 
MR = 
MC as long as ________.


◦ P 
> 
AVC
◦ P 
> 
ATC
◦ P > 
MR
◦ P 
> 
AFC

Question 2

In the long run, a monopolistically competitive firm that is incurring a loss will ________ if total revenue is less than variable costs.


◦ continue to produce its current output
◦ shut down
◦ increase its output
◦ decrease its output
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by TVarnum on Apr 19, 2019

bdobbins

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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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TVarnum

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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