The largest financial market in the world is the:

A ________ is a governance structure where owners are not personally liable

A) sole proprietorship B) partnership C) mixed enterprise D) corporation

If firms in a monopolistically competitive market are earning economic profits, which of the following scenarios would best describe the change existing firms would face as the market adjusts to the long-run equilibrium?

a. an increase in demand for each firm b. a decrease in demand for each firm c. a downward shift in the marginal cost curve for each firm d. an upward shift in the marginal cost curve for each firm