In Monopolistic Competition in the Long Run,firms ________

question 46

Multiple Choice

In monopolistic competition in the long run,firms ________.

• A) make zero economic profit and require more capacity
• B) incur an economic loss and require more capacity
• C) make an economic profit and have excess capacity
• D) make zero economic profit and have excess capacity
• E) make an economic profit and require more capacity

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Definitions:

Placed

Situated in a particular position or location.

Compound Sentence

A sentence composed of at least two independent clauses, usually connected by conjunctions.

Clauses

Specific provisions or sections within a contract, legal document, or statute that detail particular requirements, rights, or obligations.