The process of entry and exit into a monopolistically competitive market continues until:
A. profits are positive.
B. profits are negative.
C. profits are zero.
D. Any of these statements could be true.
C. profits are zero.
Economics
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Identify the statement which is true of a barter system? a. In a barter system, trade will only occur if there is a double coincidence of wants. b. In a barter system, an individual offers coins to get a good or service
c. In a barter system, an individual offers a commodity money to get fiat money. d. In a barter system, different kinds of money are exchanged for one another. e. In a barter system, individuals are self-sufficient.
Economics
Wages are comparatively low in markets where demand for labor is low and supply is high
a. True b. False Indicate whether the statement is true or false
Economics