In the Long Run Under Monopolistic Competition, Profits Will Always

question 44

Multiple Choice

In the long run under monopolistic competition, profits will always be:

• A)zero.
• B)the industry average rate of return.
• C)positive.
• D)positive or zero, but never negative.

---

Definitions:

Global Brand

A brand marketed under the same name in multiple countries with similar and centrally coordinated marketing programs.

Centrally Coordinated

Managed or organized by a central authority or location, ensuring consistency and uniformity across operations or activities.

Marketing Programs

Structured plans composed of various strategies and activities aimed at achieving specific marketing objectives.

Global Brand

A brand that is recognized and available in multiple countries across the world.