When monopolistically competitive firms advertise, in the long run
a. they will still earn zero economic profit.
b. they can earn positive economic profit by increasing market share.
c. the market price must fall.
d. the market price must rise.
a
Economics
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Suppose that you prefer reading a book you already own to watching videos and that you prefer watching videos to listening to music. If these are your only three choices, what is the opportunity cost of reading?
a. Watching videos and listening to music b. Watching videos c. Listening to music d. Sleeping e. The price of the book
Economics
During Prohibition crime ____ and the amount spent on law enforcement ____
a. stayed roughly the same; remained level b. increased dramatically; more than doubled c. remained level; more than doubled d. decreased slightly; more than doubled
Economics