In the Long Run If Some Firms Are Losing Money

question 149

Multiple Choice

In the long run if some firms are losing money in monopolistic competition

• A)the industry supply curve cannot increase because of high barriers to entry.
• B)the industry supply curve will increase and market price will fall.
• C)the industry supply curve cannot decease because of high barriers to entry.
• D)the industry supply curve will decrease and market price will rise.

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Definitions:

Project Teams

consist of individuals brought together to achieve a specific goal or project, often from various departments or skill sets.

Role Analysis

A method of examining the expectations, responsibilities, and functions of a role within an organization to ensure clarity and effectiveness.

Role Expectations

The anticipated behaviors and actions expected from an individual in a specific position within a social or organizational context.

Role Ambiguity

The uncertainty and lack of clarity about one's job functions, expectations, and responsibilities within an organization.