Business, 31.10.2019 06:31 Jasten

Assume that in short-run equilibrium, a particular monopolistically competitive firm charges $10 for each unit of its output and sells 50 units of output per day. the average total cost (atc) for those 50 units is $6. instruction: round your answers below to the nearest whole number. how much revenue will it take in each day? $ what will be its economic profit or loss? $ next, suppose that entry or exit occurs in this monopolistically competitive industry and establishes a long-run equilibrium. if the firm’s daily output remains at 50 units, what price will it be able to charge? $

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Assume that in short-run equilibrium, a particular monopolistically competitive firm charges $10 for...

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