This topic contains a solution. Click here to go to the answer

Author Question: Excess CapacityThe graph shows the demand curve (D), marginal revenue curve (MR), marginal cost ... (Read 767 times)

booty5

  • Full Member
  • ***
  • Posts: 146
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by booty5 on Nov 23, 2022

Yermi196

  • Full Member
  • ***
  • Posts: 135
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 42% of students answer this correctly




booty5

  • Member
  • Posts: 146
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it


mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library