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Author Question: If a monopolistically competitive firm is producing where MR= MCand price is greater than ATC, the ... (Read 151 times)

cabate

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on: Apr 19, 2019

Question 1

If a monopolistically competitive firm is producing where 
MR = 
MC and is in long-run equilibrium, then price is equal to 
ATC.


◦ true
◦ false

Question 2

If a monopolistically competitive firm is producing where 
MR = 
MC and price is greater than 
ATC, the firm is earning a profit.


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

amandalm

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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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cabate

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

tuate

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Reply 3 on: Yesterday
Wow, this really help

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