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cyanhound711Lv1
11 Dec 2019
A. Where will price and quantity be in the long run for this monopolistically competitive firm
B. Where will the minimum average total cost will be and the corresponding quantity
- Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that _____ at the optimal quantity. Furthermore, the quantity the firm produces in the long-run equilibrium is _____ the efficient scale
A. Where will price and quantity be in the long run for this monopolistically competitive firm
B. Where will the minimum average total cost will be and the corresponding quantity
- Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that _____ at the optimal quantity. Furthermore, the quantity the firm produces in the long-run equilibrium is _____ the efficient scale
Joshua StredderLv10
6 Oct 2020