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Author Question: Which of the following statements about a firm in long-run equilibrium is true? (Read 68 times)

leo leo

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on: May 24, 2019
Which of the following statements about a firm in long-run equilibrium is true?
◦ P > MC for a firm in monopolistic competition, and P = ATC for a firm in perfect competition
◦ MR > P for a firm in monopolistic competition, and P = ATC for a firm in perfect competition
◦ P = MC for firms in both monopolistic competition and perfect competition
◦ P = MC for a firm in perfect competition, and P < ATC for a firm in monopolistic competition
◦ Both answers P > MC for a firm in monopolistic competition, and P = ATC for a firm in perfect competition and MR > P for a firm in monopolistic competition, and P = ATC for a firm in perfect competition are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by leo leo on May 24, 2019

akudia

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Reply #1 on: May 24, 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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leo leo

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Reply #2 on: May 24, 2019
Excellent


akudia

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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