【单选题】Excess capacity occurs in long-run equilibrium under monopolistic competition so that:
A.
price is less than marginal cost.
B.
price exceeds minimum average cost.
C.
marginal revenue exceeds price.
D.
all of the above occur.
【单选题】Long-run equilibrium under monopolistic competition is similar to long-run equilibrium under perfect competition in that:
A.
price equals the minimum average total cost.
B.
firms face perfectly elastic demand curves.
C.
price equals average cost.
D.
marginal revenue equals average cost.
【单选题】肾炎时,毛细血管壁增厚呈车轨状或分层状见于
【单选题】In equilibrium under monopolistic competition:
A.
firms always earn profits in the short run.
B.
firms always suffer losses in the short run.
C.
output is at the socially efficient level in the long run.
D.
marginal revenue is less than price.
【单选题】A firm in long-run equilibrium under monopolistic competition will earn
A.
zero economic profits because of free entry.
B.
positive monopoly profits because each sells a differentiated product.
C.
positive oligopoly profits because each firm sells a differentiated product.
D.
negative economic profits because it has economies of scale.
E.
positive economic profit if it engages in international trade.
【单选题】In equilibrium under monopolistic competition:
A.
marginal revenue exceeds average revenue.
B.
marginal revenue exceeds marginal cost.
C.
marginal revenue is equal to marginal cost.
D.
marginal revenue is less than marginal cost.
【单选题】Product differentiation under monopolistic competition means that each firm:
A.
charges a slightly different price.
C.
maximizes profit where MC = P.
D.
faces a horizontal demand curve.