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28 Sep 2019
How does the long-run equilibrium for a monopolistically competitive market differ from the long-run equilibrium for a perfectly competitive market? One way in which monopolistically competitive markets and perfectly competitive markets differ is that in long-run equilibrium, monopolistically competitive firms
A. charge a price greater than marginal cost.
B. do not earn zero economic profits.
C. charge a price less than marginal revenue.
D. produce at a minimum of marginal cost.
E. produce where marginal revenue is less than marginal cost.
How does the long-run equilibrium for a monopolistically competitive market differ from the long-run equilibrium for a perfectly competitive market? One way in which monopolistically competitive markets and perfectly competitive markets differ is that in long-run equilibrium, monopolistically competitive firms
A. charge a price greater than marginal cost.
B. do not earn zero economic profits.
C. charge a price less than marginal revenue.
D. produce at a minimum of marginal cost.
E. produce where marginal revenue is less than marginal cost.
malupiton2022Lv10
12 Oct 2022
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Joshua StredderLv10
28 Sep 2019
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