Which of the following is not a characteristic of long-run equilibrium in a monopolistically competitive market?
A) Production is at minimum average total cost. B) Marginal revenue equals marginal cost.
C) Selling price equals average total cost. D) Selling price is greater than marginal cost.
A
Economics
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In the long run, perfectly competitive firms produce at the output level that has the minimum
A) marginal cost. B) average total cost. C) average variable cost. D) average fixed cost. E) total revenue.
Economics
Since 1994, obesity rates in the United States
A) have increased in all 50 states. B) have been on a slow and steady decline. C) have primarily increased in the Southeast and remained constant or slightly decreased in the remainder of the country. D) have remained fairly constant throughout the country.
Economics