Deductibles, copayments, and coinsurance are all ways in which insurance companies can address the problem of moral hazard

What is the relationship between a firm's supply curve, its marginal cost curve, and its average variable cost curve?

What will be an ideal response?

Which of the following will not happen as a consequence of a monopolistically competitive firm suffering economic losses in the short run?

A) The firm will exit the industry if it continues to suffer economic losses. B) In the long run the firm will be able to charge a price that is greater than its average total cost. C) The firm's demand curve will shift to the right if it stays in business in the long run. D) The firm will break even if its stays in business in the long run.