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Alexxx [7]
3 years ago
12

What are the differences between the​ long-run equilibrium of a perfectly competitive firm and the​ long-run equilibrium of a mo

nopolistically competitive​ firm?
Unlike perfectly competitive firms, in the long run monopolistically competitive firms ______.
Business
1 answer:
Vadim26 [7]3 years ago
6 0

Answer:

Unlike perfectly competitive firms, in the long run monopolistically competitive firms face excess capacity or unused capacity. They produced at a higher cost which implies wastage of resources or under-utilization of resources.

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debits to Work in Process--Assembly Department for April, together with data concerning production, are as follows: April 1, wor
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Answer:

The conversion cost per equivalent unit is $3.31

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= Total conversion costs ÷ Total equivalent units

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