because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that at the optimal quantity for each firm. furthermore, the quantity the firm produces in long-run equilibrium is the efficient scale. true or false: this indicates that there is excess capacity in the market for jackets. true

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30-11-2022
Business

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because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that at the optimal quantity for each firm. furthermore, the quantity the firm produces in long-run equilibrium is the efficient scale. true or false: this indicates that there is excess capacity in the market for jackets. true

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shivanijain4931 shivanijain4931 · Answer 1 · 2022-12-05T15:36:57+01:00

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that at the optimal quantity for each firm. furthermore, the quantity the firm produces in long-run equilibrium is the efficient scale. TRUE

A competitive market is a shape wherein no unmarried patron or producer has the electricity to steer the marketplace. Its response to supply and demand fluctuates with the supply curve, a representation of a product's amount.

The forms of marketplace structures consist of the subsequent: Monopolistic competition, also referred to as aggressive market, in which there is a huge wide variety of firms, every having a small share of the market percentage and barely differentiated products.

Learn more about competitive market here:https://brainly.com/question/1748396
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