Which of the following is FALSE regarding the long run for a firm in monopolistic competition?
A) The firm makes zero economic profit.
B) Price equals average total cost.
C) Output is not produced at minimum average total cost.
D) None of the above is a false statement.
D
Economics
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The supply curve for a normal good always slopes downward because a rise in the price of a normal good almost always leads to an increase in the quantity supplied of that good
a. True b. False Indicate whether the statement is true or false
Economics
If the government institutes policies that diminish incentives to save, then in the loanable funds market
a. the demand for loanable funds shifts rightward. b. the demand for loanable funds shifts leftward. c. the supply of loanable funds shifts rightward. d. the supply of loanable funds shifts leftward.
Economics