Seth was born today. Harold and Maude Clark anticipate that Seth will begin college at age 18. College education expenses are $25,000 per year in today’s dollars and are expected to increase at an annual rate of six percent. The Clarks can earn an after-tax annual return of 12 percent. How much should the Clarks deposit at the end of each year to pay for Seth’s education. The last deposit will be made when Seth reaches his 18th birthday and he will attend college for four years. A. $4,722.99B. $5,292.50C. $3,335.67D. $2,435.99

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.