In a long-run equilibrium, A. both a perfectly competitive firm and a monopolistically competitive firm operate at their efficient scale of production. B. neither a competitive firm nor a monopolistically competitive firm charges a markup over marginal cost. C. only a perfectly competitive firm operates at its efficient scale. D. only a monopolistically competitive firm operates at its efficient scale.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In a long-run equilibrium, A. both a perfectly competitive firm and a monopolistically competitive firm operate at their efficient scale of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Assume that ABC had a retained earnings balance of $10,000 on April 1, and that the company had the following transactions during April. Issued common stock for cash, $5,000. Provided services to customers on account, $2,000.
Answers (1)
Who plays a major role in the profitability and growth of an organization?
Answers (1)
If an average household spends $20 in natural gas for cooking per month, how much money would be saved by using a pressure cooker in one year
Answers (1)
A software company has a high turnover rate. what staffing strategy would be most appropriate?
Answers (1)
5. A trader executes a spread trade in which it buys 10,000 bushes of cash wheat for $4.30 per bushel and sells two futures contracts at a price of $4.60. After three months, the trader sells the cash corn at a price of $6.
Answers (1)
New Questions in Business
With the federal funds rate near zero and the economy still struggling, the Fed began buying 10-year Treasury notes and certain mortgage-backed securities to keep interest rates low. This policy is known as
Answers (1)
Sugar, Inc. sells $529,300 of goods during the year that have a cost of $428,600. Inventory was $30,083 at the beginning of the year and $34,338 at the end of the year.
Answers (2)
Assume that Jack and Hal and Sophia enter into a contract for the sale of the restaurant. Hal and Sophia, for their own protection, put a clause in the contract that says the sale is contingent upon an independent appraisal indicating that the
Answers (2)
One of Simplex Company's products has a contribution margin of $44,000 and fixed costs totaling $54,000. If the product is dropped, $37,000 of the fixed costs will continue unchanged.
Answers (1)
When technology spillover occurs, a. those firms engaged in technology research should be taxed by the government. b. a firm's research yields technological knowledge that can then be used by society as a whole. c.
Answers (1)