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Title: Is a monopolistically competitive firm productively efficient? Post by: Tidy on Jun 21, 2015 Is a monopolistically competitive firm productively efficient?
A) No, because it does not produce at minimum average total cost. B) Yes, because it produces where marginal cost equals marginal revenue. C) No, because price is greater than marginal cost. D) Yes, because price equals average total cost. Title: Re: Is a monopolistically competitive firm productively efficient? Post by: VincenzoD on Jul 20, 2015 Content hidden
Title: Re: Is a monopolistically competitive firm productively efficient? Post by: jorgebueno305 on Mar 21, 2016 The correct answer is
No, because it does not produce at minimum average total cost. |