The Free Entry and Exit of Firms in a Monopolistically

question 640

Multiple Choice

The free entry and exit of firms in a monopolistically competitive market guarantees that

• A)both economic profits and economic losses can persist in the long run.
• B)both economic profits and economic losses disappear in the long run.
• C)economic profits, but not economic losses, can persist in the long run.
• D)economic losses, but not economic profits, can persist in the long run.

---

Definitions:

Arrange Tab

A section in software applications, particularly graphic design and office suite programs, offering tools to adjust the layout and ordering of elements.

Page Footer Section

A section at the bottom of a page in a document or presentation that can contain information like page numbers, dates, and author’s name, repeated across several pages.

Report Controls

Interactive components in reporting and business intelligence software that allow users to customize and manipulate the display of data reports.

Control Layout

The arrangement and organization of interface controls and elements within a software application or on a web page.