Which of the following is the long-run outcome for monopolistic competition?
A) MR > MC.
B) P > ATC > MC.
C) P = ATC.
D) P > ATC.
C
Economics
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To examine how total production in an economy has changed over time, it would be better to examine
A) nominal GDP. B) real GDP. C) GDP at current prices. D) All of the above would give equal measures of production changes over time.
Economics
Why does demand not change when the price of a good changes with no change in the other influences on buying plans?
What will be an ideal response?
Economics