A explain the relationship between the law of diminishing, Microeconomics

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A explain the relationship between the law of diminishing

a. Explain the relationship between the law of diminishing marginal returns and the shape of a firm's marginal cost curve?
b. The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero. Why would firm stay in business if it is making zero economic profits?
c. Should governments outlaw monopolistic competition in the interests of efficiency? Why or why not?

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Microeconomics: A explain the relationship between the law of diminishing

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Microeconomics: A explain the relationship between the law of diminishing

Reference No:- TGS0584248

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Recent Questions Asked Microeconomics

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Microeconomics: A explain the relationship between the law of diminishing

Reference No:- TGS0584248

Recent Questions Asked Microeconomics

Q : Economists sometimes use concentration ratios to evaluate

Q : How does monetary policy affect aggregate demand in the

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