If Monopolistically Competitive Firms Are Making Zero Economic Profit,then These

question 63

Multiple Choice

If monopolistically competitive firms are making zero economic profit,then these firms would

• A) leave the industry.
• B) charge higher prices.
• C) make demand more inelastic.
• D) remain in the industry.
• E) begin to collude illegally.

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Definitions:

Decimals

Numerical values expressed using a decimal system, involving a point to separate the whole number from the fractional part.

Mixed/Whole Numbers

Numbers consisting of both a whole number and a fractional part, usually written with the whole number and fraction separated by a space.

Rate

The ratio of change in one variable relative to another, often used in contexts of finance (interest rates), growth rates, or other measurements of change.

Decimal Places

The places for digits to the right of the decimal point, representing tenths, hundredths, thousandths, and so forth.