In long-run equilibrium in monopolistic competition, price is: a. equal to average total cost at an output below where average total cost is minimized. b. equal to average total cost at an output above where average total cost is minimized. c. greater than average total cost. equal to average total cost at its minimum.

d. equal to average total cost at its minimum.

Explanation:

In the short run, the firm in a monopolistic market, being the only player is able to fix the prices of products and services, thereby maximizing profit.

In the long run however, a monopolistic market will cease to be so, as more firms enter the market to take advantage of the high profits or demand drops due to the high price. At this stage, the goal is not to maximize profits but to break even. Therefore, prices are reduced, made equal to the average total cost.

the correct answer is option c. elenita versus "early puerto rican decor" is the best example, out of all the options, of a cultural conflict. a cultural conflict is defined as what happens when different cultures, that have different values and believes, clash. elenita not liking or accepting the puerto rican style of decoration, would represent that she does not identify herself with the puerto rican culture, therefore does not want to have decorations influenced by that culture.

panem is a communist totalitarian dictatorship where all the resources and how they are allocated belongs to the capitol. the districts exist only to provide goods and services for the capital and most of the citizens live in poverty. it is a police state where the "peacekeepers" use force and threats to keep the people under control. dissent is outlawed and those who disobey the law are executed, flogged, or turned into avoxes. the games are another means in which the ruling elite in the capitol exert their power over the districts. when reading the books i drew parallels between panem and the soviet union and north korea. in no way is panem capitalist. the people in the capitol are wealthy but the majority of them are involved in the government somehow. it was the same way in the former soviet union where bigwigs in the communist party and high ranking government officials were given access to goods, services, medical treatments not available to the general public. if you think panem has a capitalist economy you need to brush up on your economics.