In the Long Run,a Firm in Monopolistic Competition ________ Excess

question 4

Multiple Choice

In the long run,a firm in monopolistic competition ________ excess capacity and a firm in perfect competition ________ excess capacity.

• A) has; has
• B) has; does not have
• C) does not have; has
• D) does not have; does not have
• E) might have; might have

---

Definitions:

Digitally Altered

Images or sounds that have been modified using digital technology.

Misinformation Effect

A memory distortion phenomenon where post-event information interferes with the memory of the original event.

Elizabeth Loftus

A cognitive psychologist known for her work on the malleability of human memory and the misinformation effect.

Smashed

Often used in psychology experiments to denote the influence of wording on memory; in general, refers to something being violently broken into pieces.