In the long run, a monopolistically competitive firm's price equals
A) its average total cost and its marginal cost.
B) its average total cost but not its marginal cost.
C) its marginal cost but not its average total cost.
D) neither marginal cost nor its average total cost.
B
Economics
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Two-part pricing allows the monopoly firm to capture all of the potential consumer surplus generated by the sale of its product
Indicate whether the statement is true or false
Economics
The aggregate demand is described graphically as a. sloping downward. b. a vertical line
c. a horizontal line. d. sloping upward.
Economics