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Author Question: The graph shows the demand curve (D), marginal revenue curve (MR), long-run average cost curve ... (Read 214 times)

jenniferbaugh1984

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on: Nov 23, 2022
The graph shows the demand curve (D), marginal revenue curve (MR), long-run average cost curve (LRAC), and long-run marginal cost curve (LRMC) for a firm in a monopolistically competitive industry.



Assume that P1=$140, P2=$241, P3=$364, P4=$414, Q1=50, and Q2=185. At the profit-maximizing level of output, the firm earns an economic profit of ________ so firms will ________ (enter/exit) the market.
Please round your final answer to two decimal places.
◦ $6150.00, exit
◦ $11,200.00, exit
◦ $41,440.00, enter
◦ $22,755.00, enter
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jenniferbaugh1984 on Nov 23, 2022

kugyo01

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Reply #1 on: Nov 23, 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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jenniferbaugh1984

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

chjcharjto14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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