The divergence between accounting profit and economic profit is likely to be: Group of answer choices Greater for highly leveraged firms than for equity-financed firms Greater for labor-intensive firms than for capital-intensive firms Greater for capital-intensive firms than for labor-intensive firms Greater for technology-based firms than firms in mature industries

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.