A monopolistically competitive firm that is earning profits will, in the long run, experience all of the following except
A) demand for the firm's product becomes more elastic.
B) a decrease in demand for its product.
C) new rivals entering the market.
D) a decrease in the number of rival products.
D
Economics
You might also like to view...
An aggregate supply curve represents the relationship between the:
A. Price level and the buying of real domestic output B. Price level and the production of real domestic output C. Real domestic output bought and the real domestic output sold D. Price level that producers are willing to accept and the price level buyers are willing to pay
Economics
What measure of economic well-being is most often used?
a. gross domestic product b. gross domestic product per capita c. nominal gross domestic product per capita d. real gross domestic product per capita
Economics