Use the Following to Answer Question

question 123

Multiple Choice

Use the following to answer question:
Figure: Monopolistic Competition V
-(Figure: Monopolistic Competition V) Use Figure: Monopolistic Competition V.In the figure,in the long run firms will:

• A)enter this market until all firms earn zero economic profit.
• B)exit this market until all remaining firms earn zero profit.
• C)enter this market,leading to excess profit for all the firms.
• D)exit this market,leading to excess profit for all the remaining firms.

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Definitions:

Lockbox Arrangement

A service provided by banks to process payments quickly by having checks sent to a special post office box.

Customer Base

The customer base refers to the group of consumers who repeatedly purchase the goods or services of a business.

Bank

A financial institution licensed to receive deposits and make loans, and offer other financial services, such as wealth management and currency exchange.