This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In long-run equilibrium, a monopolistically competitive industry is characterized by (Read 109 times)

mt05945

  • Full Member
  • ***
  • Posts: 141
on: Oct 12, 2022
In long-run equilibrium, a monopolistically competitive industry is characterized by
◦ positive profits for all firms in the industry.
◦ all firms operating at the minimum point of their long-run average cost curves.
◦ zero profits for all firms in the industry.
◦ a perfectly elastic demand curve facing each firm in the industry.
◦ positive profits as a result of barriers to entry.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mt05945 on Oct 12, 2022

Htimsrs

  • Full Member
  • ***
  • Posts: 183
Reply #1 on: Oct 12, 2022
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.
Answer Preview
Only 56% of students answer this correctly


mt05945

  • Member
  • Posts: 141
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago The Long Valley Caldera Erupted the Bishop Ash 760,000 Years Ago
How long does it take you to see the circles? How long does it take you to see the circles?
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
I need help fill up the chart attached phtoto long question I need help fill up the chart attached phtoto long question
Video: Arthritis

For a complete list of videos, visit our video library