A monopolistic competitor is like a competitive firm in the long run, because
A) it earns positive economic profits.
B) it earns zero economic profits
C) both firms will earn positive economic profits.
D) both firms will increase price to increase profits.
B
You might also like to view...
________: an artificial currency accounting entities to supplement reserve assets of the International Monetary Fund
Fill in the blank(s) with correct word
Based on the figure above, in which quarter or quarters did a peak occur?
A) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure B) in 2013, 2nd quarter C) in 2014, 2nd quarter D) between 2013, 2nd quarter to 2014, 2nd quarter E) There are no peaks illustrated in the figure.
If real estate prices are expected to drop, all else equal, the demand for bonds ________ and the interest rate_______
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls
Alternating periods of economic growth and contraction are referred to as
A. The business cycle. B. A policy lever. C. Fiscal policy. D. The fiscal cycle.