In Monopolistic Competition, If Economic Profits Are Being Earned, Which

question 91

Multiple Choice

In monopolistic competition, if economic profits are being earned, which of the following will not happen?

• A) New firms will enter.
• B) Entry will cause the market supply curve to shift to the right.
• C) Entry will cause the firm's demand curve to shift to the left.
• D) Entry will cause the market price to rise.

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Definitions:

Financially Independent

The status of having enough personal wealth to live, without having to work actively for basic necessities.

Adulthood

The period in human development after adolescence, marked by full physical development, legal responsibilities, and social independence.

Endurance

The capacity to sustain a physical or mental effort for an extended period, often critical in sports, academics, and personal challenges.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including exercise and daily movements.