In the Long Run in Monopolistic Competition,firms

question 5

Multiple Choice

In the long run in monopolistic competition,firms

• A) can make an economic profit.
• B) incur an economic loss.
• C) make zero economic profit.
• D) shut down if they are making zero economic profit.
• E) make either an economic profit or zero economic profit.

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Definitions:

Financial Resources

The funds used to acquire the natural and human resources needed to provide products; also called capital.

Primary Funding

Primary Funding refers to the initial capital raised by a business or project from various sources such as equity, debt, or grants to finance its startup and initial operations.