Which of the Following Will Not Happen as a Consequence

question 134

Multiple Choice

Which of the following will not happen as a consequence of a monopolistically competitive firm suffering economic losses in the short run?

• A)The firm's demand curve will shift to the right if it stays in business in the long run.
• B)The firm will exit the industry if it continues to suffer economic losses.
• C)The firm will break even if its stays in business in the long run.
• D)In the long run, the firm will be able to charge a price that is greater than its average total cost.

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Definitions:

Preferences

Individual or collective tastes, inclinations, or choices that dictate behavior or decision-making processes.

Z Problem-solving Model

A structured approach to problem-solving that involves examining different aspects and perspectives of an issue before making a decision.

Rational Model

A decision-making framework assuming the best possible outcome through logical and structured steps.

Emotion

A complex psychological state that involves a subjective experience, a physiological response, and a behavioral or expressive response.