In Monopolistic Competition in the Long Run,firms ________

question 46

Multiple Choice

In monopolistic competition in the long run,firms ________.

• A) make zero economic profit and require more capacity
• B) incur an economic loss and require more capacity
• C) make an economic profit and have excess capacity
• D) make zero economic profit and have excess capacity
• E) make an economic profit and require more capacity

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Definitions:

Functions

Predefined operations in programming and spreadsheet applications that perform calculations or tasks, typically taking input values and returning a result.

Functional Considerations

Factors related to the performance, capabilities, and usability of a product, system, or process.

Visual Aesthetics

The aspect of design concerned with the appearance and overall visual impression created by an object, interface, or artwork.

Requirements Document

A detailed description of the functional and non-functional specifications that a particular software or system must meet.