In Monopolistic Competition,firms Making Substantial Profits Tend to Be Emulated,this

question 9

Multiple Choice

In monopolistic competition,firms making substantial profits tend to be emulated,this shrinks the once substantial profits,because when _____,there are no profits.

• A) Marginal revenue equals average revenue
• B) Average total cost equals average fixed cost
• C) Average revenue equals marginal cost
• D) Marginal revenue equals average total cost
• E) Average revenue equals average total cost

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Definitions:

Focal Point

A central or primary element in a particular setting that draws attention or serves as a reference for surrounding activities.

Territory

An area of land under the jurisdiction of a ruler or state, often marked by boundaries.

Decisions

The act or process of making choices or judgments based on available information, reasoning, and possibly emotional factors.

Emphasis

The special importance or significance placed on something.