Long-run equilibrium under monopolistic competition and perfect competition is similar in that
A) price equals marginal revenue.
B) price equals marginal cost.
C) firms produce at the minimum point of their average cost curves.
D) firms break even.
D
Economics
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If there is a temporary increase in the money supply in the Eurozone, ceteris paribus, what is the result for the United States?
a. The money supply in the United States must decrease by the same proportion. b. The U.S. dollar nominal interest rate will increase, as the euro rate is unchanged. c. Long-run expectations shift to expect a stronger euro. d. The dollar appreciates against the euro.
Economics
Around the world, once-socialist countries have replaced central plans with
a. foreign aid b. budgets c. special interests d. markets e. capital equipment
Economics