Question: Just need the answer and a quick explanation, I'm not sure if I am doing this correctly please help. Thank you so much I really

Just need the answer and a quick explanation, I'm not sure if I am doing this correctly please help. Thank you so much I really appreciate it!

Just need the answer and a quick explanation, I'm not sure if

For each of the following characteristics, say whether it describes a perfectly competitive or monopolistic competitive firm, both or neither. A. Has a marginal revenue less than price. B. Produces the socially efficient level of output. C. Makes zero economic profit in the long run. D. There is excess capacity

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