By promoting its brand name heavily, the monopolistically competitive firm
A) earns more profit in the long run.
B) signals its long-term intention to stay in the industry.
C) signals its intention to leave the industry.
D) guarantees a short run profit.
B
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Which of the following people would be counted as is employed in the Current Population Survey?
A) Rich, who is working 20 hours a week but wants a full-time job B) Misty, who just quit her job to return full-time to school C) April, who just graduated from college and is looking for work D) Jason, who was laid off from work less than 6 months ago but who has stopped looking for work
Consider the market for cable television, a natural monopoly, shown in the figure above. If the regulator imposes an average cost pricing rule, the firm provides service to
A) 3.5 million households. B) 6 million households. C) 10.5 million households. D) 12.5 million households.
The equation of exchange ________
A) states that the quantity of money multiplied by velocity must equal nominal income in a given year B) describes a relationship that is true by definition C) shows that real GDP must equal real money balances times the number of times a dollar turns over in a year D) all of the above E) none of the above
The period of time over which the firm can vary any of its inputs for a given production technology is called the
A) immediate run. B) very-short run. C) long run. D) very-long run. E) short run.