Monopolistic competitive firms in the long run earn:
a. negative economic profits.
b. zero pure economic profits.
c. None of these choices are correct.
d. positive economic profits.
b
Economics
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In the four-quadrant diagram of the specific factors model, the graph in the lower right quadrant is a country's
A) production function for cloth. B) production possibility frontier. C) labor allocation constraint. D) production function for food. E) labor supply curve.
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________ within the U.S. can make loans to foreigners but cannot make loans to domestic residents
A) Edge Act corporations B) International Banking Facilities C) Universal banks D) Euro banks
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