Figure 16-2 This Figure Depicts a Situation in a Monopolistically Competitive Market

question 74

Multiple Choice

Figure 16-2
This figure depicts a situation in a monopolistically competitive market.
-Refer to Figure 16-2. Which of the following will occur in the long run in this industry?

• A)Firms will exit this industry.
• B)Firms will enter this industry.
• C)This firm will continue to earn positive economic profits.
• D)This firm will incur losses.

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Definitions:

Intravenous

Refers to the administration of medicines, fluids, nutrients, or other substances directly into a vein.

Intrathecal

Pertaining to an injection into the space under the arachnoid membrane of the brain or spinal cord.

Intramuscular

Related to the administration of medication directly into the muscle tissue through injection.

Inhalation

The act of breathing in; drawing air or other substances into the lungs.