Maria has a lot of self-confidence and business knowledge. she recently opened a bakery as a sole proprietor. she is expecting a high level of profits and is looking forward to: a. keeping all of the money she earns since she does not have to pay taxes as a sole proprietor.
b. keeping all of the money she earns except for the taxes she is required to pay.
c. easily raising additional large sums of money from the capital markets since she is a sole proprietor.
d. the lower corporate tax rate paid by sole proprietorships.

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.