As manager with an international trade firm, john smith frequently travels between europe and saudi arabia. on john's most recent trip to saudi arabia, he noticed that tariq, his business associate, not only talked about business matters but also talked about several other things, such as upcoming events in saudi arabia and the associated impact on the economy. this most likely indicates that tariq is from a

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.