Lucy farms gourmet bread base is the brand name for a mix designed for use in bread machines. the mixes are sold in 2-pound canisters for $14.99 plus postage. the products are only available through the mail. people learn about the product through word-of-mouth and through bread machine demonstrations the company's founder gives to groups in the area of wisconsin where she lives. this is a description of the company's:
a. action plan
b. market segmentation strategy
c. mission statement
d. marketing mix
e. target market

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.