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Author Question: Excess CapacityThe graph shows the demand curve (D), marginal revenue curve (MR), marginal cost ... (Read 766 times)

booty5

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on: Nov 23, 2022
Excess Capacity

The graph shows the demand curve (D), marginal revenue curve (MR), marginal cost curve (MC), and average total cost curve (ATC) for a monopolistically competitive firm in the long run.



Assume that P1=$16, P2=$26, P3=$35, Q1=2500, and Q2=7500. If this industry becomes perfectly competitive, price will ________ (increase/decrease) by ________ and quantity will ________ (increase/decrease) by ________.
◦ increase, $10, increase, 5000
◦ decrease, $10, decrease, 7500
◦ increase, $9, decrease, 7500
◦ decrease, $9, increase, 5000
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by booty5 on Nov 23, 2022

Yermi196

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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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booty5

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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