One difference between perfect competition and monopolistic competition is that A) monopolistic competition has barriers to entry. B) firms in monopolistic competition face a downward-sloping demand curve. C) a perfectly competitive industry has fewer firms.D) in perfect competition, firms produce slightly differentiated products. he MC curve reaches its minimum point before the AVC curve and the AC curve. In addition the MC curve intersects the AVC curve and the AC curve at their lowest point. The above statements are both true Often Always Sometimes Never At the point of producers equilibrium The MRTSLK equals PL/PK MPL/PL = MPK/PK All of the above The Iso-quant is tangent to the Iso-cost
One difference between perfect competition and
A) monopolistic competition has barriers to entry.
B) firms in monopolistic competition face a downward-sloping
C) a
he MC curve reaches its minimum point before the
Often
Always
Sometimes
Never
At the point of producers equilibrium
The MRTSLK equals PL/PK
MPL/PL = MPK/PK
All of the above
The Iso-quant is tangent to the Iso-cost
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