In monopolistically competitive markets, zero economic profit is associated with excess capacity because: a. ATC is risi
Posted: Thu May 26, 2022 7:32 am
In monopolistically competitive markets, zero economic profit is
associated with excess capacity because:
a.
ATC is rising.
b.
ATC is not minimised.
c.
P > ATC
d.
the long run output is chosen where, MR > MC.
associated with excess capacity because:
a.
ATC is rising.
b.
ATC is not minimised.
c.
P > ATC
d.
the long run output is chosen where, MR > MC.