Firms will ________ a monopolistically competitive market until ________ are eliminated.
A. enter; profits
B. enter; losses
C. exit; long-run profits
D. exit; short-run profits
Answer: A
You might also like to view...
"Your college didn't choose to admit you as a student." Your textbook authors make such a statement in order to
A) offend you. B) confuse you. C) remind you that beggars can't be choosers. D) emphasize that choices are made by particular individuals, even if they are in the name of organizations.
The above figures show the market for gasoline. Which figure shows the effect of a nation-wide strike by municipal bus drivers, which causes more people to drive their cars to work?
A) Figure A B) Figure B C) Figure C D) Figure D
The persistent problem of inflation, beginning in the late 1960s, had its causes in all of the following except
(a) The full-scale entrance of the United States into the Vietnam War in 1965 (b) "Oil shocks" in the 1970s (c) Rising production costs in almost every sector in the economy due to rising energy costs (d) Rising corporate taxes which raised the cost of doing business
In 2009, President Obama and Congress stimulated aggregate demand by
a. increasing taxes and government spending. b. decreasing taxes and government spending. c. increasing taxes and decreasing government spending. d. decreasing taxes and increasing government spending.