Top Posters
Since Sunday
k
4
c
4
M
3
t
3
i
3
B
3
k
3
m
3
c
3
o
3
l
3
r
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
AndrewKraus AndrewKraus
wrote...
Go to Answer
Posts: 1170
Rep: 0 0
7 years ago
Which of the following is true?
A) The price charged by a monopolistically competitive firm is equal to the price charged by a perfectly competitive firm in the long run.
B) The price charged by each firm in a monopolistically competitive market is equal in the long run.
C) The profit earned by a firm in a monopolistically competitive market is equal to the profit earned by a firm in a perfectly competitive market in the long run.
D) The profit earned by a firm in a monopolistically competitive market is equal to the profit earned by a monopolist in the long run.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 46 times
2 Replies
Replies
Answer verified by a subject expert
SudzburySudzbury
wrote...
#1
Top Poster
Posts: 542
Rep: 16 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
University of Kansas Alumni

Related Topics

AndrewKraus Author
wrote...
#2
6 years ago
Excellent answer, thx
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  958 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4454
  
 870
  
 1176
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 380
Previous poll results: Which is the best fuel for late night cramming?