antania - 'When the marginal cost curve s increasing, the average total cost curve will: Not increase or decrease Decrease None of the other answers are correct 0 Increase [ I A firm will maximize profits if it produces where Total Costs are equal to Total Revenues., True False The main goal of managers Is going to be ta maximize revenues. True 0 False - 'Which of the following is true regarding a firm who s operating in a perfectly competitive market: The: firm does nat have to worry about marginal cost increasing The firm has some control over the market price There are high barriers to enter the market. Price is equal to Marginal Revenue e One of the characteristics of an Oligapoly market is high barriers to entry. True False . Suppose that the market demand and market supply are given by the following equations: Demand: P = 22 -0.25Qd Supply:P=2+0250s 'What Is the equilibrium price? Type your answer... spuin The difference between 'perfect competition' and "monopolistic competition' Is that: Perfect comnpetition has many sellers and menopalistic competition has few sellers Perfect competition includes identical products and monopalistic competition includes slightly differentiated products Perfect competition has low barriers to entry and monopolistic competition has high barriers to entry None of the other answers are correct - 'Which of the following is true regarding the usual way cost curves are depicted? The marginal cost curve Is always increasing There are times when the average variable cost curve will be above the average total cost curve. The average total cost curve Is always increasing The average variable cost curve will never eross the average total cost curve