In the long run, what level of economic profits can a monopolistic competitor expect to receive?
A. positive
B. negative
C. zero
D. either negative or positive, depending on the demand for its product and its costs
Answer: C
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Which of the following is most likely to increase an individual's future spending?
A) Paying back a loan in the future B) Borrowing money today C) Depositing money in the future D) Withdrawing money in the future
Which of the following does not contribute to increased worker productivity?
a. technological advances b. increased capital formation c. improvements in workers' skills d. increased labor supply
The liquidity approach to measuring the money supply uses
A. M1 plus some highly liquid assets. B. M1 only. C. near moneys only. D. M2 plus some highly liquid assets.
Use the general relationship between marginal and average values to explain why a marginal cost curve must intersect an average total cost curve and an average variable cost curve at their minimum points
What will be an ideal response?