You are currently considering buying an Ecolab corporate bond. The bond has the following characteristics: Par value of bond $ 1,000 Coupon rate 8% Bond was issued five years ago Bond will mature 30 years from original issuance Payments are made semi-annually Callable 10 years after issue Call price $ 1,050 Current market interest rate 6% What is this bond's current price

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.