Long-run profit earned by a monopolistically competitive firm is driven to the competitive level due to a(n)
a. change in the technology that the firm utilizes.
b. shift of its demand curve.
c. shift of its supply curve.
d. increase in the firm's average cost of production.
b
Economics
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Which of the goals pursued by policymakers in an open economy is desirable because can help reduce the volatility of economic activity?
A) exchange-rate stability B) monetary policy independence C) free capital flows D) appreciation of the domestic currency
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When the dollar buys less foreign currency, there has been a depreciation of the dollar.
Answer the following statement true (T) or false (F)
Economics