In the Long Run,firms in Monopolistic Competition Make Zero Economic

question 11

Multiple Choice

In the long run,firms in monopolistic competition make zero economic profit because

• A) firms are free to enter and exit.
• B) their products are similar but slightly different.
• C) of over-reliance on product marketing.
• D) of collusion among the various sellers.
• E) their demand curves are horizontal.

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Definitions:

Controlled Motivation

A type of motivation that is guided by external pressures or obligations rather than personal interest or enjoyment.

Pay Raise

An increase in the amount of money an employee receives as wages or salary.

Motivational Level

The degree of enthusiasm, drive, or desire with which an individual or group approaches tasks or goals.

Unsatisfied Need

A requirement or necessity that has not been fulfilled, often driving motivation and action to meet that need.