Refer to the Following Graph to Answer the Following Questions

question 13

Multiple Choice

Refer to the following graph to answer the following questions:

-In the long run,the demand curve for the monopolistically competitive firm would

• A) shift leftward.
• B) remain the same,causing the entry of new firms to be impossible.
• C) shift rightward.
• D) move closer to the marginal revenue curve,but the marginal revenue curve would be held constant.
• E) shift rightward,causing the entry of new firms into the industry.

---

Definitions:

Public Official

An individual holding a position of authority or service in government, serving the public’s interest.

Federal Statute

A law enacted by the national government of the United States, which applies across the entire country, superseding state laws when in conflict.

Criminal Liability

The conditions under which an individual or entity can be held legally responsible for actions classified as crimes by law.

Prosecutor

A lawyer who manages the prosecution of the defendant in criminal proceedings.