In the short run, monopolistically competitive firms:
A. can earn positive economic profits by acting like a monopolist.
B. will earn zero economic profits by acting like a monopolist.
C. can earn positive economic profits by acting like a perfectly competitive firm.
D. will earn zero economic profits by acting like a perfectly competitive firm.
Answer: A
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The burdens of the national debt generally fall on
A) the present generation. B) past generations. C) future generations. D) all of the above.
Which of the following did NOT happen during the 2008-09 financial crisis?
A. Deposit insurance was extended to all accounts. B. The Fed quickly raised interest rates to stop the flow of easy credit. C. The Fed became the majority owner of the insurance company AIG. D. The U.S. Treasury guaranteed trillions of dollars in money market funds.