In the long run, what happens to the demand curve facing a monopolistically competitive firm that is earning short-run profits?
A) The demand curve will shift to the right and became more elastic.
B) The demand curve will shift to the right and became less elastic.
C) The demand curve will shift to the left and became more elastic.
D) The demand curve will shift to the left and became less elastic.
C
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Privatization is the process of turning private enterprises into state-owned enterprises
Indicate whether the statement is true or false
Based on the fertility-rate calculations for major industrialized countries, their populations are expected to decline significantly in the coming years because the:
A. Total fertility rate is higher than the replacement rate B. Total fertility rate is below the replacement rate C. Fertility rate and the replacement rate are about equal D. Fertility rate divided by the replacement rate is greater than one