Title: Refer to the above figure. Which of the following statements about panel D in the figure is TRUE?
Post by: msouthern on Mar 2, 2019
Refer to the above figure. Which of the following statements about panel D in the figure is TRUE?
• The figure is in error since it doesn't show the monopolistic competitor making profits in the long run.
• The figure represents a long-run equilibrium for a monopolistic competitor.
• The figure represents an industry long-run equilibrium for monopolistic competition.
• The figure is in error since it has marginal cost intersecting the ATC curve at a point other than the minimum of ATC.
Title: Refer to the above figure. Which of the following statements about panel D in the figure is TRUE?
Post by: swolfe15 on Mar 2, 2019
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