Fernwood company is preparing the company's statement of cash flows for the fiscal year just ended. the following information is available: retained earnings balance at the beginning of the year $ 308,000 cash dividends declared for the year 68,750 proceeds from the sale of equipment 118,000 gain on the sale of equipment 6,750 cash dividends payable at the beginning of the year 30,250 cash dividends payable at the end of the year 37,500 net income for the year 151,250 the ending balance in retained earnings is:

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.