Which of the Following Will Not Happen as a Consequence

question 134

Multiple Choice

Which of the following will not happen as a consequence of a monopolistically competitive firm suffering economic losses in the short run?

• A)The firm's demand curve will shift to the right if it stays in business in the long run.
• B)The firm will exit the industry if it continues to suffer economic losses.
• C)The firm will break even if its stays in business in the long run.
• D)In the long run, the firm will be able to charge a price that is greater than its average total cost.

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Definitions:

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by significant political, social, and industrial revolution and change globally.

Dominant Institution

An organization or structure that holds a preeminent position of power or authority within a society or field.

Presidential Spouses

The husbands or wives of the Presidents of the United States, often involved in various social and political duties during their tenure.

Head of State

The chief public representative of a country, such as a president or monarch, who may also serve as the symbolic leader or executive head, depending on the form of government.