Use the Following to Answer Question

question 239

Multiple Choice

Use the following to answer question:
Figure: Profit Maximization in Monopolistic Competition
-(Figure: Profit Maximization in Monopolistic Competition) Use Figure: Profit Maximization in Monopolistic Competition.If other firms see economic profits in the industry,they will enter it,and the demand curve for firms already in the industry will shift to the _____;in the long run,this will result in an economic profit _____ zero and a price _____ ATC.

• A)right;equal to;equal to
• B)right;greater than;greater than
• C)left;less than;less than
• D)left;equal to;equal to

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Public School Education

An education system provided by the government in which children receive free education accessible to all.

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The status of being a legal member of the United States, with certain rights, duties, and benefits, obtainable by birth or through naturalization.

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The legal right to possess, use, and control a particular piece of land.

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The condition where a government is capable of providing consistent management, governance, and decision-making without frequent changes or extreme disruptions.