Solved

Which of the Following Is FALSE Regarding the Long Run

Question 137

Multiple Choice

Which of the following is FALSE regarding the long run for a firm in monopolistic competition?


A) The firm's economic profit equals zero.
B) Marginal cost equals average total cost.
C) Price exceeds marginal cost.
D) Price equals average total cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q132: If the market demand in a monopolistically

Q133: -The figure above</p></div><svg width=

Q134: The figure shows</p></div><svg width=

Q135: The figure shows</p></div><svg width=

Q136: The figure shows</p></div><svg width=

Q138: -The figure above</p></div><svg width=

Q139: The figure shows</p></div><svg width=

Q140: The figure shows</p></div><svg width=

Q141: In a monopolistically competitive industry
A) firms can

Q142: Which of the following is TRUE regarding

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents