Senator Hubris Wants to Pass a Law That Would Require

question 621

Multiple Choice

Senator Hubris wants to pass a law that would require all monopolistically competitive firms to operate at their efficient scale. If this law were to pass and be enforced, we would expect that monopolistically competitive firms would

• A)see their profits increase.
• B)break even.
• C)lose money.
• D)not really be affected by the law.

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