Refer to the Following Graph to Answer the Following Questions

question 40

Multiple Choice

Refer to the following graph to answer the following questions:

-If all firms in a monopolistically competitive industry have demand and cost curves like those shown,we would expect,in the long run,that

• A) all firms will leave the industry.
• B) a certain percentage of existing firms will exit the industry.
• C) firms in the industry will earn negative economic profits.
• D) new firms will enter the industry.
• E) enough new firms will enter the industry that it will become perfectly competitive.

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The systematic examination and assessment of systems, records, or processes to ensure compliance with standards, policies, or financial accuracy.

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