A famous American coffee chain wishes to grow its business by entering the Chinese market. However, it is not legally allowed to do so without partnering with a local Chinese company. The chain has found a local partner, and their alliance has led to the creation of a separate legal entity. From this information, it would be reasonable to assume that the American coffee chain will enter China through which method?

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.