The Free Entry and Exit of Firms in a Monopolistically

question 640

Multiple Choice

The free entry and exit of firms in a monopolistically competitive market guarantees that

• A)both economic profits and economic losses can persist in the long run.
• B)both economic profits and economic losses disappear in the long run.
• C)economic profits, but not economic losses, can persist in the long run.
• D)economic losses, but not economic profits, can persist in the long run.

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Definitions:

Self-focus

A psychological state where an individual's attention is concentrated on themselves, their feelings, thoughts, and actions.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical behavior of a sexual nature that affects an individual's employment or creates a hostile environment.

Repeated Unwanted

Continuous occurrences of undesirable or unpleasant actions or events that persist despite efforts to stop them.

Deliberate

Done consciously and intentionally, often after careful thought or as a result of a decision.