Refer to the information provided in Figure 15.5 below to answer the question(s) that follow.
Figure 15.5 Refer to Figure 15.5. In the long run in this monopolistically competitive industry,
A. firms will leave the industry until each firm earns an economic profit.
B. firms will enter the industry, which will increase the demand for the product.
C. the government will subsidize the firms to eliminate any losses the firms incur.
D. some firms will leave the industry until the remaining firms earn a normal profit.
Answer: D
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Full employment is defined as operating where there is no frictional unemployment
Indicate whether the statement is true or false
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What will be an ideal response?