When a monopolistically competitive firm is in long-run equilibrium: select one: a. production takes place where atc is minimized. b. marginal revenue equals marginal cost and price equals average total cost. c. normal profit is zero and price equals marginal cost. d. economic profit is zero and price equals marginal cost?

The maximum amount of money that a consumer can charge on a credit card is called the

Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.