In the long-run, a firm in monopolistic competition has
A) a price that exceeds its average total cost.
B) a price that exceeds its marginal cost.
C) an average total cost that exceeds its price.
D) a marginal cost that exceeds its price.
B
Economics
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The market process is
A) governmental. B) institutional. C) dynamic. D) all of these choices.
Economics
Each point on the demand curve indicates
a. the demand for the product. b. the quantity demanded at that price. c. the amount that people need. d. the amount people want to buy at different income levels.
Economics