In the Long Run, Economic Theory Predicts That a Monopolistically

question 75

Multiple Choice

In the long run, economic theory predicts that a monopolistically competitive firm will

• A)earn an economic profit.
• B)realize all economies of scale.
• C)equate price and marginal cost.
• D)have excess production capacity.

---

Definitions:

Creditors

Individuals or institutions that lend money or extend credit, and are owed repayment by debtors.

Debtors

Persons or entities that owe money to another individual or entity, typically as a result of borrowing funds.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts.

Clerk Of Courts

The Clerk of Courts is a public official responsible for managing the records of court cases and related documents, and often oversees administrative duties in the court system.