Monopolistic competitors and perfect competitors are alike in
a. having horizontal demand curves.
b. zero economic profit in the short run.
c. zero economic profit in the long run.
d. relying on advertising to attract buyers to their products.
c
Economics
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Situations of negative interest rates on short-term bonds resulted from:
A) high income tax rates B) government regulations requiring financial firms to purchase government bonds C) very low risk premiums D) investors were looking for safe havens when other investments were perceived to be very risky
Economics
When two goods have negative cross elasticities of demand and positive income elasticities, they are: a. Normal and substitutes
b. Normal and complements. c. Inferior and substitutes. d. Inferior and complements.
Economics