Answer:
Markets that have monopolistic competition are inefficient for two reasons. The first source of inefficiency is due to the fact that at its optimum output, the firm charges a price that exceeds marginal costs. The monopolistic competitive firm maximizes profits where marginal revenue equals marginal cost.
Step-by-step explanation:
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11 cm. Simply divide 440 by 40, and you'll get your answer.
Answer:
(-1, 2)
Step-by-step explanation:
Finding the midpoint of a line, having been given two points, is like finding the average coordinate of those two points.
To find the average x coodinate (and hence the midpoint's x coordinate), you have to sum the x coordinates and divide by 2 - like finding the mean.
To find the y coordinate, sum the y coordinates and divide by two.
