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Teaching Since: | Jul 2017 |
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MBA,PHD, Juris Doctor
Strayer,Devery,Harvard University
Mar-1995 - Mar-2002
Manager Planning
WalMart
Mar-2001 - Feb-2009
When a monopolistically competitive firm operates in the long run, which of the following is true?
a.profits may be positive
b.the firm’s price is the same as the minimum of their average costs
c. the firm’s marginal revenue is the same as their price
d.the firm produces where marginal revenue is less than marginal cost
e.the firm has excess capacity.
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