This year randy paid $28,000 of interest. (randy borrowed $450,000 to buy his residence, which is currently worth $500,000.) randy also paid $2,500 of interest on his car loan and $4,200 of margin interest to his stockbroker (investment interest expense). how much of this interest expense can randy deduct as an itemized deduction under the following circumstances? a. randy received $2,200 of interest this year and no other investment income or expenses. his agi is $75,000. interest deductible $. randy had no investment income this year, and his agi is $75,000.interest deducttible $

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.