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Author Question: In long-run equilibrium for a monopolistically competitive firm, economic profit equals zero and ... (Read 143 times)

Alainaaa8

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on: Apr 19, 2019

Question 1

If a monopolistically competitive firm is producing an output level where its marginal cost is equal to its marginal revenue but it still earns a loss, then it should always shut down in the short run.


◦ true
◦ false

Question 2

In long-run equilibrium for a monopolistically competitive firm, economic profit equals zero and thus the outcome is efficient.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Alainaaa8 on Apr 19, 2019

bubulittle310@msn.cn

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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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Alainaaa8

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Reply #2 on: Apr 19, 2019
TY


bubulittle310@msn.cn

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


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