In the long run, a monopolistically competitive firm will:
a. produce more than a perfectly competitive firm.
b. suffer an economic loss.
c. earn positive economic profit.
d. produce less than a perfectly competitive firm.
d
You might also like to view...
A spike in "All Other Outlays" of the federal government in 2009 was due to: a. an increase in the financial aid given to Greece earlier that year
b. an increase in the expenditures on Social Security and Medicare. c. the fiscal stimulus package passed earlier that year. d. a sudden increase in military expenditure as a result of the war in Iraq. e. an increase in the national debt earlier that year.
Which of the following types of markets would be the most likely to maintain a successful collusive agreement?
a. a market with many sellers, many buyers, unstable market demand, and privately negotiated prices b. a market with few sellers, many buyers, stable market demand, and privately negotiated prices c. a market with few sellers, many buyers, stable market demand, and publicized prices d. a market with many sellers, few buyers, stable market demand, and privately negotiated prices e. a market with few sellers, few buyers, unstable market demand, and publicized prices