The following data represent the recent sales price (in $1,000s) of 24 homes in a midwestern city. 187 125 165 170 230 139 195 229 239 135 188 210 228 172 127 139 122 181 196 237 115 199 170 239 picture click here for the excel data file suppose the data on house prices will be grouped into five classes. the width of the classes for a frequency distribution or histogram is the closest to

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

What is the relationship between credit and debt?

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.