In a long-run equilibrium,
a. neither a competitive firm nor a monopolistically competitive f...
Business, 05.08.2019 19:10 kluckey8494
In a long-run equilibrium,
a. neither a competitive firm nor a monopolistically competitive firm charges a markup over marginal cost.
b. only a monopolistically competitive firm operates at its efficient scale.
c. both a perfectly competitive firm and a monopolistically competitive firm operate at their efficient scale of production.
d. only a perfectly competitive firm operates at its efficient scale.3
Answers: 2
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