Although both perfectly competitive and monopolistically competitive firms earn normal profits in the long run, monopolistically competitive firms will not
a. operate where price equals marginal cost
b. charge a higher price than firms in perfect competition
c. produce a smaller quantity than firms in perfect competition
d. produce where price equals average total cost
e. exit when demand falls below long-run average costs
A
Economics
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A. reduce the demand for resources used in the production of A. B. increase the demand for complementary product C. C. increase the demand for substitute product B. D. reduce the demand for substitute product B.
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When an American buys a factory in China, the transaction is registered a credit in the U.S. capital account.
Answer the following statement true (T) or false (F)
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