just give the correct answers no need explanationthank you Ques: In the long run the demand curve that a monopolistic competitor faces for its product will likely:Intersect the ATC at its minimumIntersect the ATC curve somewhere past the minimumBecome tangent to the ATC curve somewhere left of its minimumNone of the Ques Monopolistically competitive firms are most likely to have profits:That are higher than competitive firms’ profit in the longHigher in the long run than in the shortZero in the long runEqual to the profit of a A firm in a perfectly competitive market will operate in the short run as long as its price covers the average variable cost.TrueFalse A perfectly price discriminating monopolist produces more quantity of output than a single-price monopolist.TrueFalse

“Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: In the long run the demand curve that a…

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter10: Monopolistic Competition And Oligopoly

Section: Chapter Questions

Problem 4QFR

See similar textbooks

Related questions

Question

just give the correct answers no need explanation

thank you

Ques: In the long run the demand curve that a monopolistic competitor faces for its product will likely:

1. Intersect the ATC at its minimum
2. Intersect the ATC curve somewhere past the minimum
3. Become tangent to the ATC curve somewhere left of its minimum
4. None of the

Ques Monopolistically competitive firms are most likely to have profits:

1. That are higher than competitive firms’ profit in the long
2. Higher in the long run than in the short
3. Zero in the long run
4. Equal to the profit of a

A firm in a perfectly competitive market will operate in the short run as long as its price covers the average variable cost.
True
False

A perfectly price discriminating monopolist produces more quantity of output than a single-price monopolist.
True
False

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions