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Figure 16-5 The figure is drawn for a monopolistically competitive firm. PRICE 140 8 85 123 33 90 56 67 Refer to Figure 16-5. As the figure is drawn, the firm is in O a. a short-run equilibrium but it is not in a long-run equilibrium, b. a short-run equilibrium as well as a long-run equilibrium. c neither a short-run equilibrium nor a long-run equilibrium. d. a long-run equilibrium but it is not in a short-run equilibrium. 100 133.33 QUANTITY MC ATC Demand MR

Figure 16-5 The figure is drawn for a monopolistically competitive firm. PRICE 140 8 85 123 33 90 56 67 Refer to Figure 16-5. As the figure is drawn, the firm is in O a. a short-run equilibrium but it is not in a long-run equilibrium, b. a short-run equilibrium as well as a long-run equilibrium. c neither a short-run equilibrium nor a long-run equilibrium. d. a long-run equilibrium but it is not in a short-run equilibrium. 100 133.33 QUANTITY MC ATC Demand MR

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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0 Figure 16-5 The figure is drawn for a monopolistically competitive firm. PRICE 140 123.33 90 56.67 Refer to Figure 16-5. As the figure is drawn, the firm is in O a. a short-run equilibrium but it is not in a long-run equilibrium. Ob. a short-run equilibrium as well as a long-run equilibrium. c. neither a short-run equilibrium nor a long-run equilibrium. d. a long-run equilibrium but it is not in a short-run equilibrium. 100 133.33 QUANTITY MC ATC Demand MR
Transcribed Image Text:0 Figure 16-5 The figure is drawn for a monopolistically competitive firm. PRICE 140 123.33 90 56.67 Refer to Figure 16-5. As the figure is drawn, the firm is in O a. a short-run equilibrium but it is not in a long-run equilibrium. Ob. a short-run equilibrium as well as a long-run equilibrium. c. neither a short-run equilibrium nor a long-run equilibrium. d. a long-run equilibrium but it is not in a short-run equilibrium. 100 133.33 QUANTITY MC ATC Demand MR
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