|
Title: Which of the following is not true of both pure competitors and monopolistically competitive ... Post by: sgy_89 on May 25, 2017 Which of the following is not true of both pure competitors and monopolistically competitive firms?
A) Both produce at the output where MR = MC. B) Neither tend to earn economic profits in long-run equilibrium. C) Both firms are price takers. D) Both tend to be small in relation to the total industry. E) Both firms attempt to earn economic profits. Title: Re: Which of the following is not true of both pure competitors and monopolistically competitive ... Post by: hecosmetic on May 25, 2017 Content hidden
|