Question
If a monopolistically competitive firm is producing 30,000 units of output and at this output level, the price is $100 and the average total cost
If a monopolistically competitive firm is producing 30,000 units of output and at this output level, the price is $100 and the average total cost is $100, the firm profit/loss is equal to ________ and it ________ possible for the firm to be in long-run equilibrium.
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
