In a long-run equilibrium in a monopolistically competitive industry that produces information products, revenues are equal to the ________ costs of developing, producing, and selling the product.

A. variable
B. fixed
C. total
D. marginal


Answer: C

Economics

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a. True b. False Indicate whether the statement is true or false

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If the U.S. imposed an import quota on corn, then in the U.S

a. exports and imports would rise. b. exports and imports would fall. c. exports would rise and imports would fall. d. exports would fall and imports would rise.

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Fill in the blank(s) with the appropriate word(s).

Economics