Of the 6,000 settlers who migrated to Virginia since the founding of the first permanent settlement in 1607, nearly ________ had died by 1623

Consumers in monopolistically competitive markets face a trade-off between paying prices greater than marginal costs and purchasing products that are more closely suited to their tastes

Indicate whether the statement is true or false

The short-run profit-maximizing output level for a monopolistically competitive firm is the point at which

A) P = ATC. B) MR = MC. C) MR > P. D) MR > ATC.