All of the following are characteristics of long-run equilibrium for firms in a monopolistically competitive market except:
A. price equals marginal cost.
B. price equals average total cost.
C. price exceeds the minimum of average total cost.
D. marginal cost equals marginal revenue.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “All of the following are characteristics of long-run equilibrium for firms in a monopolistically competitive market except: A. price equals ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Managers should run a business ethically because
Answers (2)
Sir William Petty studied Dutch shipyards where captains would build ships by placing people into groups that each specialized in building one part of the ship. Which economic principle does this represent?
Answers (2)
Indicate whether the following error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit totals is higher and by how much.
Answers (1)
What are the three sectors that account for 50% of all jobs worldwide?
Answers (1)
Total Quality Management (TQM) is a management approach that places emphasis on continuous process and system improvement as a means of achieving customer satisfaction to ensure long-term company success. 1. True 2. Flase
Answers (1)
New Questions in Business
Why might Belgium, France, Italy, and Sweden have a higher export to GDP ratio than the United States? Select the correct answer below: A. The U. S.
Answers (1)
A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm's average total cost is $10.
Answers (1)
If a Starbucks tall latte cost $3.20 in the United States and 3 euros in the Euro area, then purchasing-power parity implies the nominal exchange rate is how many euros per dollar? a ...
Answers (1)
According to the scans report, what name is given to the three basic skill sets that employees must have if they are going to be the best employees?
Answers (1)
Factory Overhead Costs During May, Bergan Company incurred factory overhead costs as follows: indirect materials, $8,800; indirect labor, $6,600; utilities cost, $4,800; and factory depreciation, $9,000.
Answers (1)