Which of the following conditions is characteristic of a monopolistically competitive firm in both the short-run and the long run?

a. P > MC
b. MC = ATC
c. P < MR
d. All of the above are correct.

a

Economics

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In which market structure is there a large number of firms producing slightly differentiated products?

A) monopoly B) oligopoly C) only perfect competition D) only monopolistic competition E) either perfect competition or monopolistic competition

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Whites are about equally divided over the cause for black poverty being racial inferiority or discrimination

Indicate whether the statement is true or false

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