In the Long Run, What Happens to the Demand Curve

question 88

Multiple Choice

In the long run, what happens to the demand curve facing a monopolistically competitive firm that is earning short-run profits?

• A)The demand curve will shift to the left and became more elastic.
• B)The demand curve will shift to the left and became less elastic.
• C)The demand curve will shift to the right and became more elastic.
• D)The demand curve will shift to the right and became less elastic.

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Definitions:

Textual Poaching

A term from media studies referring to how audiences creatively appropriate and give new meanings to media texts, often subverting original intentions.

Textual Poaching

The act of fans or consumers taking media texts and reappropriating them for their own purposes, often in creative or subversive ways.

Encoding/Decoding

A theory in cultural studies and media analysis that examines the process by which a message is created (encoded) by the sender, transmitted, and then interpreted or decoded by the receiver.

Hypodermic Needle Theory

A communication theory suggesting that media messages are injected directly into the brains of a passive audience, influencing their behaviors and beliefs directly.