Congratulations, you have won the california state lottery. lottery officials are giving you a choice of payment options. you will need to choose from one of the following streams. assume at 10% interest rate for all scenarios. option 1 immediate payment of $500,000 option 2 10 annual installments of $75,000 + a lump sum of $150,000 at the end of 7 years option 3 $3,250,000 paid at the end of 20 years option 4 20 annual installments of $50,000which options will result in receiving the most cash? which option do you think you should choose and why? which will be the least favorable option and why?

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.