One source of inefficiency in monopolistic competition is that a. because price is above marginal cost, surplus is redistributed from buyers to sellers. b. because price is above marginal cost, some units are not produced that buyers value in excess of the cost of production and this causes a deadweight loss. c. monopolistically competitive firms earn economic profits in the long run. d. monopolistically competitive firms produce beyond their efficient scale.

How long have u been on dis website

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %

Which of the following is least likely to a team solve problems together