The great depression was caused by the lack of their economic system which happened because of the several dust storms causing major ecological and agricultural damage to American and Canadian prairie lands during the 1930 to 1936 crop prices decrease by 50% because most of their food and props were damaged which caused failure to pay bills because it was harder to make profit that's why most business was and debt by taking out large amount of loans and not being able to pay it back

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.