In Monopolistic Competition,there Are ________ Barriers to Entry and So

question 13

Multiple Choice

In monopolistic competition,there are ________ barriers to entry and so firms in monopolistic competition ________ make an economic profit in the long run.

• A) high; can
• B) high; cannot
• C) no; can
• D) no; cannot
• E) sometimes; can sometimes

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Definitions:

Problem Statement

A concise description of an issue to be addressed or a condition to be improved upon, highlighting the gap between the current state and desired state.

Purpose Statement

A clear, concise declaration that outlines the objectives or intentions behind a document, project, or action.

Business Reports

Documents that provide an analysis of a business's operations, performance, or strategy, typically used for decision-making purposes.

Interpret the Information

The process of understanding and making sense of data or facts presented.