Your answer is partially correct. try again. the following information relates to the daniel jackson company. date ending inventory (end-of-year prices) price index december 31, 2016 $ 65,700 100 december 31, 2017 108,824 122 december 31, 2018 117,585 135 december 31, 2019 131,216 139 december 31, 2020 123,105 145 use the dollar-value lifo method to compute the ending inventory for jackson company for 2016 through 2020.

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.