Which type of unemployment is most likely to lead unemployed workers to retrain or relocate?

As new monopolistically competitive firms enter the market, the demand facing each firm __________, causing the price charged by each firm to __________. In the long run, each firm will earn a __________ profit

a. falls; rise; positive b. rises; fall; positive c. falls; rise; normal d. rises; fall; normal e. falls; fall; normal

Which of the following statements about a monopolistically competitive firm is FALSE?

A) It tries to differentiate its product from that of competitors. B) It may earn short-run economic profits. C) It produces the quantity at which MC=MR. D) It sets price like a perfectly competitive firm.