ECON "Mickey has created digital gloves" that have the full functionality of the best smartphones. Because it is so innovative people will need to be educated by sales representatives about its features and how to use them before consumers would be willing to purchase. Explain how this sales service done by one firm may create positive externalities for other firms. How can Mickey encourage the right amount of investment in this kind of sales service

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.