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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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.
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