If Some Firms Are Making a Profit in Monopolistic Competition,in

question 81

Multiple Choice

If some firms are making a profit in monopolistic competition,in the long run

• A)the industry supply curve will increase and market price will fall.
• B)the industry supply curve will increase and market price will rise.
• C)the industry supply curve will decrease and market price will fall.
• D)the industry supply curve will decrease and market price will rise.

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Definitions:

Greenstick

A type of fracture in children where the bone bends and cracks, instead of breaking completely.

Fracture

Any break in a bone.

Pliable

Capable of being bent or flexed easily; flexible and adaptable, often used in the context of materials or sometimes to describe characteristics.

Rabies

A viral disease that causes inflammation of the brain in humans and other mammals, typically transmitted through the bite of an infected animal.