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.

---

Definitions:

Sales Manager

A sales manager is responsible for directing and guiding a sales team, setting sales goals, analyzing data, and developing training programs to improve sales performance.

Gantt Chart

A graphical representation of a project schedule, showing the start and finish dates of the various components and activities, useful in planning, organizing, and tracking a project's progress.

Planning

The process of making preparations for a future event or task, including setting goals and determining the means to achieve them.

Scheduling Activities

The process of organizing events, tasks, or operations in time, often requiring prioritization and time management.