If a farmer sells 15 of his chickens, his stock of feed will last for 4 more days than planned, but if he buys 20 more chickens, he will run out of feed 3 days earlier than planned. if no chickens are sold or bought, the farmer will be exactly on schedule. how many chickens does the farmer have?

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.