equilibrium? in your city, there are currently three firms providing oil changes. for each firm, there is a fixed cost of $90 per day and a marginal cost of $12 per oil change. each firm currently maximizes its profit by providing 10 oil changes per day. a. for each firm, marginal revenue equals $ nothing. (enter your response rounded to the nearest dollar.) b. this is a long-run, monopolistically competitive equilibrium if ▼ marginal cost price marginal revenue equals $ nothing. (enter your response rounded to the nearest penny.)

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan