This monopolistic competitor is in the



A. short run making a profit.

B. short run taking a loss.

C. long run making a profit.

D. long run breaking even.


D. long run breaking even.

Economics

You might also like to view...

Harry Truman is credited with the statement, “Give me a one-armed economist,” because economists are likely to say, “On the one hand, . . . on the other hand.” Why do economists “waffle” more than physicists or chemists?

What will be an ideal response?

Economics

Explain how public goods provided by the federal government differ from public goods provided by the state and local governments

What will be an ideal response?

Economics

Refer to Scenario 3 . What would have to occur for three huts to be produced along with 100 coconuts?

What will be an ideal response?

Economics

Even if expectations of inflation are rational, sluggish adjustment of wages and prices will still create a short-run trade-off between inflation and unemployment

Indicate whether the statement is true or false

Economics