The following figure shows the cost curves of firm that operates in a monopolistic competition market, as well as the demand (D) facing this firm and its marginal revenue (MR) .
-Refer to the figure above.In the long run,this firm's MR curve is likely to ________.
Definitions:
Capital Market Securities
Long-term financial instruments traded in capital markets, such as bonds, stocks, or debentures.
Liquid
Describes an asset that can be quickly converted into cash without significant loss of value or a market where such assets can be bought or sold with ease.
Financial Intermediaries
Institutions that facilitate the channeling of funds between savers and borrowers by intermediating financial transactions.
Stocks
Financial instruments that signify ownership in a corporation and represent a claim on part of the corporation's assets and earnings.
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