subject
Social Studies, 22.07.2021 20:50 Leigh305

Which of the following statements best describes firms under monopolistic competition? Group of answer choices

Profits will be positive in the long run.

Price always equals average variable cost.

In the long run, positive economic profit will be eliminated.

Marginal revenue equals the minimum average total cost in the short run.

ansver
Answers: 2

Another question on Social Studies

question
Social Studies, 23.06.2019 04:20
The federal reserve is responsible for overseeing all a. income tax refunds b. changes in tax policies c. government spending d. depository institutions
Answers: 1
question
Social Studies, 23.06.2019 05:00
Crime affects the economy which which two primary ways? a financially and monetarily b non-financially and industrially c microeconomic and macroeconomic d spiritually and emotionally
Answers: 1
question
Social Studies, 23.06.2019 05:20
The widespread dominance of several foreign fast food chains and supermarkets in asia have changed the people’s?
Answers: 2
question
Social Studies, 23.06.2019 09:00
Quantitive data can be measured quantitatively
Answers: 1
You know the right answer?
Which of the following statements best describes firms under monopolistic competition? Group of ans...
Questions
question
Mathematics, 24.04.2020 01:53
question
Mathematics, 24.04.2020 01:53
question
Biology, 24.04.2020 01:53