Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. assume that fixed interest rates are used throughout this question. olivia deposited $800 at her local credit union in a savings account at the rate of 6.2% paid as simple interest. she will earn interest once a year for the next 7 years. if she were to make no additional deposits or withdrawals, how much money would the credit union owe olivia in 7 years?

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.