In the Long Run, a Monopolistically Competitive Firm That Trades

question 102

Multiple Choice

In the long run, a monopolistically competitive firm that trades internationally will ____________than it would in autarky.

• A) produce more output
• B) earn more monopoly profits
• C) have higher average costs
• D) produce more output and earn more monopoly profits

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Definitions:

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Precontemplation Stage

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