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Author Question: The diagram below shows demand and cost curves for a monopolistically competitive firm.FIGURE ... (Read 119 times)

amymoore

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on: Oct 12, 2022

The diagram below shows demand and cost curves for a monopolistically competitive firm.



FIGURE 11-4

Refer to Figure 11-4. This monopolistically competitive firm is allocatively inefficient because in long-run equilibrium,


◦ LRAC is not at its minimum.
◦ price is greater than MC at Q1.
◦ MC is greater than price.
◦ price is greater than LRAC at Q1.
◦ None of the above - the long-run equilibrium is allocatively efficient.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by amymoore on Oct 12, 2022

bleep bloop

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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.
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amymoore

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

bdobbins

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Reply 3 on: Yesterday
Excellent

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