In the short run, for a firm in monopolistic competition

A) the firm's economic profit must equal zero.
B) marginal revenue exceeds marginal cost.
C) price exceeds marginal cost.
D) the firm is a price taker.

C

Economics

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A free rider is a person who consumes a good without paying for it

Indicate whether the statement is true or false

Economics

Banks that are managed in a very safe and conservative manner can be expected to earn

A. high, steady profits. B. high but volatile profits. C. low and consistent profits. D. low profits with occasional major losses.

Economics