On September 30, 2014, Stalling Inc. issued 2,000 shares of its publicly traded stock as compensation to its employee, Mr. Harry. On the date of issuance, the stock’s fair market value was $40,000. Under the terms of his 2014 compensation contract, Mr. Harry couldn’t dispose of the stock before October 1, 2018, and if he terminated his employment with Stalling before that date, he had to return the stock to the corporation. On October 1, 2018, Mr. Harry, who still worked for Stalling, sold all 2,000 shares for $57,500.

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.