Suppose a monopolistically competitive firm is producing 500 units of output and has total revenues of $5,000. If this i
Posted: Sun Jun 05, 2022 4:02 pm
Suppose a monopolistically competitive firm is producing 500
units of output and has total
revenues of $5,000. If this is a long run equilibrium, then it must
be the case that
A) marginal cost is less than $10
B) minimum average total cost is less than $10
C) price is $10
D) all of the above
units of output and has total
revenues of $5,000. If this is a long run equilibrium, then it must
be the case that
A) marginal cost is less than $10
B) minimum average total cost is less than $10
C) price is $10
D) all of the above