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OpenStudy (scarlett_feathers):

Micro help again.......teacher responses..............

OpenStudy (scarlett_feathers):

Are you sure monopolistic competition is allocatively efficient? Does it produce a quantity where price equals MC? Are you sure monopolistic competition is productively efficient? Does it produce output where price equals minimum ATC? My initial question and answer : In the long run, will Enviromax produce the allocatively and productively efficient level of output? Explain. Enviromax is being productively efficient. Due to the increase in demand Enviromax can raise prices to increase accounting profits. They will also be able to produ

OpenStudy (serenity74):

Can I wokr on this tomorrow? I am tooooo tired right now :(

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