Multiple Choice
The figure shows the demand curve for Gap jackets (D) , and Gap's marginal revenue curve (MR) , marginal cost curve (MC) , and average total cost curve (ATC) .
-In the figure above, the market for jackets ________ in long-run equilibrium, and there is ________ for new firms to enter.
A) is; no incentive
B) is; an incentive
C) is not; an incentive
D) is not; no incentive
Correct Answer:

Verified
Correct Answer:
Verified
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