In Monopolistic Competition There Are ________ Barriers to Entry,so Therefore

question 97

Multiple Choice

In monopolistic competition there are ________ barriers to entry,so therefore in the long run,economic profit ________.

• A) no; is substantial
• B) no; equals zero
• C) many; equals zero
• D) many; is substantial
• E) many; might be earned depending on the degree of product differentiation

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Definitions:

Apprehensive

Feeling anxious or fearful that something bad or unpleasant will happen.

Psychoanalytic Perspective

A theory of personality and therapeutic technique that attributes thoughts and actions to unconscious motives and conflicts.

Phobias

Strong, unreasonable anxieties about particular things, actions, or scenarios that result in evasive actions.

Repressed Impulses

Desires or thoughts that are pushed out of the conscious mind into the unconscious due to being deemed unacceptable.