Which of the following is true about a monopolistically competitive firm?
a. It can earn an economic profit in the short run, but not the long run.
b. It can earn an economic profit in the short run and the long run
c. It can earn an economic profit in the long run, but not the short run
d. It cannot earn an economic profit in either the short or long run
a
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Suppose aggregate demand is increasing over time. Would the modern Keynesian model assume that the price level would always be constant? Explain
What will be an ideal response?
The regulation of the prices charged by insurance companies is known as
A) the Federal Register. B) social regulation. C) the market share test. D) economic regulation.
Poll taxes are:
A. a way to disenfranchise the poor. B. used to disenfranchise those groups even when the right to vote exists. C. a tax that must be paid in order to cast a vote. D. All of these are true.
Spurious Correlation
What will be an ideal response?