In the long run, firms in a monopolistically competitive market
A) usually earn positive economic profits.
B) always earn monopoly profits.
C) usually earn economic losses.
D) earn zero economic profits.
Answer: D
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Refer to the scenario above. What is the expected value of the game?
A) $20 B) $50 C) $100 D) $300
Marginal and average taxes are
A. calculated using the same methodology. B. not used in modern tax analysis. C. not calculated using the same methodology. D. all of these answer options are correct.
One way to potentially work around regulators is the practice of suggesting appointees to the regulatory boards and sending lobbyists to argue with the regulatory boards. What is this practice known as?
a. Regulatory capture b. Price capture c. Cost-plus capture d. Monopoly capture
The labor force participation rate is the
A. total number of people who are participating in the labor force. B. ratio of the labor force to the total population 16 years old or older. C. the number of people in the labor force minus the number of people who are unemployed. D. ratio of the number of employed people to the number of unemployed people.