In the short run, a monopolistically competitive firm
A) always earns positive economic profits.
B) never earns positive economic profits.
C) can earn positive, negative, or zero economic profits.
D) always earns positive accounting profits.
Answer: C
You might also like to view...
Any custodial parent who applies for federally funded welfare must agree to help in the collection of eligible child support, and assign all rights to payments to the welfare agency
Indicate whether the statement is true or false
Economists use the percentage change in quantity rather than the absolute change in quantity because:
A. the measured elasticity is the same regardless of the unit of measurement for quantity. B. absolute changes are confusing to convert. C. absolute changes often result in negative numbers. D. percentage changes are easier to calculate than absolute changes.