In the Long Run, a Representative Firm in a Monopolistically

question 146

Multiple Choice

In the long run, a representative firm in a monopolistically competitive industry will end up

• A) having an elasticity of demand that will be less than it was in the short run.
• B) having a larger number of competitors than it will in the short run.
• C) producing a level of output at which marginal cost and price are equal.
• D) earning a normal profit, but not an economic profit.

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The care given to a person's body after their death, which may include washing, dressing, and preparing for burial or cremation, respecting cultural and religious practices.

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