In the long run, monopolistically competitive firms produce where demand equals marginal cost
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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An important variable that is left out of economic models is
a. implicit costs. b. excess profits. c. entrepreneurship. d. the opportunity cost of resources.
Economics
Over-the-counter (OTC) markets:
A. are centralized exchanges but you must be a dealer to be part of an exchange. B. only deal in the stocks of companies with over $100 million in capital. C. employ specialists to minimize price volatility. D. are networks of security dealers linked electronically.
Economics