You are a senior manager at a large consumer goods company. the company president has noticed that recent college graduates and junior-level employees tend to gravitate toward you. they come to you for advice and ask for your opinion on important matters, even though you are not their direct supervisor. the president realizes that you are acting as a(n) to junior employees.
a. team leader
b. mentor
c. client
d. middle manager

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.