Why is credit card debt often considered to be the most dangerous type of debt for consumers?
A) credit cards charge very high interest rates and their use tends to be habit forming
B) most credit cards have deceptive contracts
C) credit cards can result in job loss
D) Credit card use usually results in the purchase of dangerous items without warranty protection

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.