A firm's accounting profit does not include its:

What are some disadvantages of debt cards?

a. Debit cards do not immediately draw on your bank account. b. More difficult to dispute a bill before payment. c. Cannot stop payment after you have paid for the item d. Both B and C are disadvantages of debit cards.

Firms in monopolistic competition resemble monopolies in that both types of firms

a. earn positive economic profits in the long run. b. charge prices higher than their marginal costs. c. possess barriers to entry that keep potential rivals out of the market. d. produce their output so that their average cost is minimized.