In the long run, a monopolistically competitive firm will not produce at the output level that...
In the long run, a monopolistically competitive firm will not produce at the output level that minimizes average cost because: Group of answer choices
demand is horizontal.
that would leave the firm with excess capacity.
Price is greater than MR at that output level.
MC is less than MR at that output level.
MC is greater than MR at that output level.
Homework Answers
In the long run, a monopolistically competitive firm will not produce at the output level that minimizes average cost because that would leave the firm with excess capacity.
For a monopolistically competitive firm, ATC is greater than the minimum avg total cost, the quantity the firm produces in long run equillibrium is less than the efficient scale
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In the long run, a monopolistically competitive firm will not
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