When a market is monopolistically competitive, the typical firm in the market can earn
a. losses in the short run and profits in the long run.
b. profits in the short run and the long run.
c. losses in the short run and zero profit in the long run.
d. zero profit in the short run and losses in the long run.
c
Economics
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Most analysts in the United States and the international financial community initially perceived the debt crisis as a temporary, short-run liquidity problem so they advised increasing capital flows to Latin America
Indicate whether the statement is true or false
Economics
For a given technology and a given labor force, labor productivity will be ____ when the capital stock is ____
a. higher; larger b. lower; larger c. lower; unchanged. d. higher; smaller
Economics