Which of the following is not true of a monopolistically competitive firm? a. the firm will maximize profits by producing where mr = mc. b. the firm will not likely earn an economic profit in the long run. c. the firm will produce an efficient quantity where average total cost is minimized. d. the firm will shut down if price is less than average variable cost.

Which of the following statements is true about financial planning

Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?