Essence of Skunk Fragrances, Ltd., sells 5,100 units of its perfume collection each year at a price per unit of $381. All sales are on credit with terms of 2/20, net 60. The discount is taken by 45 percent of the customers. (Enter your answer as directed, but do not round intermediate calculations.)

Requirement 1:
What is the amount of the company

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.