If a monopolistically competitive firm's demand curve is shifting left, it will stop shifting when:
A. the price is the same as what a perfectly competitive firm's price would be.
B. the price is equal to the firm's marginal cost.
C. the price is equal to the firm's average total cost.
D. there is no deadweight loss.
Answer: C
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What will be an ideal response?
Refer to the given data. If the firm is hiring workers under purely competitive conditions at a wage rate of $22, it will employ:
A. 1 worker.
B. 2 workers.
C. 3 workers.
D. 4 workers.
What are the factors that change the supply of saving and shift the supply of loanable funds curve?
What will be an ideal response?