A monopolistically competitive firm in the long run ________
A) is inefficient because it makes zero economic profit
B) produces a profit-maximizing amount of output that is less than capacity output
C) is efficient because it makes zero economic profit
D) sets its price equal to its marginal cost
B
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A country imported goods and services worth $10 billion and exported goods and services worth $11.1 billion during a particular year. This implies that the country experienced a ________ during that year
A) trade surplus B) budget surplus C) budget deficit D) trade deficit
The key assumption of the capital asset pricing model is that an investor cares only about his portfolio's
a. degree of diversification. b. expected income. c. level of risk. d. expected return and standard deviation.
Refer to the production possibilities frontier in the figure above. Which production point is unattainable?
A) point a B) point b C) point c D) point e
The __________ level of government accounts for the largest share of health care spending.
A. regional B. state C. municipal D. federal