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Costa Costa
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6 years ago
The excess capacity theorem states that in the long run, a firm in monopolistic competition will:
A) operate at an output below that which minimizes average cost
B) use all its excess capacity
C) earn excess profits
D) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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JavaewJavaew
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#1
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6 years ago
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Costa Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Tim0301
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Yesterday
Good timing, thanks!
yen
wrote...

2 hours ago
Thanks for your help!!
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