Entry and Exit Continue in Monopolistic Competition Until the Remaining

question 265

Multiple Choice

Entry and exit continue in monopolistic competition until the remaining firms are

• A)earning an economic profit.
• B)incurring an economic loss.
• C)earning less than a normal profit.
• D)earning zero economic profit.
• E)producing the normal amount of product differentiation.

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Definitions:

Electrons

Subatomic particles with a negative charge that orbit the nucleus of an atom, involved in chemical reactions and electricity.

Oxidation-Reduction Reaction

Reaction in which one molecule is oxidized and another is reduced.

Charges

An amount or fee levied for a service, or the distribution of electrical energy.

Hydrogen Bonds

Weak bonds between molecules or within parts of a single molecule resulting from the attraction between a hydrogen atom and a more electronegative atom.