The profit earned by a monopolistic competitor after the entry of new firms is ________
A) higher than the profit earned by the firm before the entry of new firms
B) lower than the profit earned by the firm before the entry of new firms
C) equal to the profit earned by a monopolist in the long run
D) higher than the profit earned by a perfect competitor in the long run
B
Economics
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Which of the following will cause an increase in economic growth?
A) a reduction in the unemployment rate B) a reduction in labor force participation C) an increase in human capital D) a reduction in the stock of physical capital
Economics
A bank's costs include all of the following EXCEPT
A) the interest it pays to depositors. B) the interest it pays on its loans or debt. C) the cost of providing services. D) the fees paid to maintain its reserve at the Federal Reserve.
Economics