Examlex
Which of the following is true regarding the long run for a firm in monopolistic competition?
Tractors
Tractors are powerful and versatile agricultural machines used for plowing, tilling, and performing various tasks required in crop production.
Autarky
An economic policy or situation in which a country is self-sufficient and does not take part in international trade or relies on imports and exports.
International Trade
The exchange of goods and services between countries, allowing for greater variety and the exploitation of comparative advantages.
Production
The process of creating goods and services.
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