If a monopolistically competitive firm is producing where MR = MC and price is greater than ATC, the firm is earning a profit.
Answer the following statement true (T) or false (F)
True
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Which of the following is NOT an example of a negative externality?
A) inoculation against disease B) pollution C) playing a boom box loudly in a crowded park D) rush hour traffic
A Federal budget deficit exists when:
A. Federal government assets are less than liabilities in a given year B. Federal government spending exceeds tax revenues in a given year C. Federal government spending is increasing in a given year D. Federal government taxation is decreasing in a given year
The risk of a borrower defaulting on a loan is known as:
A. credit risk. B. default risk. C. loan risk. D. asset risk.
The late business historian Alfred Chandler blamed Britain's competitive difficulties in the early twentieth century on:
a. the structure of the firms. b. the removal of trade barriers. c. the lack of innovation. d. inefficient transfer of information within firms.