A monopolistically competitive firm and a monopoly are alike because both I. face downward sloping demand curves. II. have marginal revenue curves that lie beneath their demand curves. III. can make an economic profit in the long run
A) I only.
B) I and II.
C) I, II, and III.
D) I and III.
B
Economics
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The figure above shows the market for umbrellas in Sunville. What is the marginal social benefit that Sunville consumers receive from the 200th umbrella bought?
A) $23.33 B) $30.00 C) $26.67 D) $50.00
Economics
________ investment is more volatile than other forms of investment spending because this type of investment can be changed relatively quickly
A) Business fixed B) Inventory C) Residential D) Capital
Economics