
MS2
Authored by Denise Vosika
Social Studies
12th Grade
Used 2+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is true of a monopolistically competitive firm in long-run equilibrium?
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The graph shows a monopolistically competitive firm:
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In the long-run, the ATC will be tangent to the demand curve at:
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is true of a monopolistically competitive firm in long-run equilibrium?
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Let P = price, MR = marginal revenue,
MC = marginal cost, and ATC = average total cost. In monopolistic competition, which of the following most accurately describes the long-run equilibrium conditions for a firm?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A
B
C
D
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A
B
C
D
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