One Thing That Makes Monopolistic Competition Similar to Perfect Competition

question 172

Multiple Choice

One thing that makes monopolistic competition similar to perfect competition is that,in the

• A) long run,both are guaranteed positive economic profit.
• B) short run,both are guaranteed positive economic profit.
• C) short run,neither can earn positive economic profit.
• D) long run,both will earn zero economic profit.
• E) long run,both could earn positive economic profit,but monopolistic competitors will earn more than perfect competitors.

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Definitions:

Civil Rights Movement

A decades-long struggle, particularly during the 1950s and 1960s, aiming to end legalized racial discrimination and segregation in the United States.

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