When Firms in Monopolistic Competition Are Making an Economic Profit,firms

question 194

Multiple Choice

When firms in monopolistic competition are making an economic profit,firms will

• A) enter the industry, and demand will increase for the original firms.
• B) exit the industry, and demand will increase for the firms that remain.
• C) exit the industry, and demand will decrease for the firms that remain.
• D) enter the industry, and demand will decrease for the original firms.
• E) enter the industry and then will exit the industry.

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Definitions:

Products Table

A database table that stores information about products, including descriptions, prices, and quantities.

Orders Table

A table in a database that stores information about customer orders, including details like order date, products ordered, and quantities.

Right Outer

Type of join in SQL that returns all records from the right table and the matched records from the left table.

Left Outer

A type of SQL JOIN that returns all records from the left table and matched records from the right table, filling with NULLs if there is no match.