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Author Question: A monopolistically competitive industry that earns economic profits in the short run will A) ... (Read 156 times)

Lisaclaire

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on: Jun 29, 2018
A monopolistically competitive industry that earns economic profits in the short run will
 
  A) experience a rise in demand in the long run.
  B) experience the entry of new rival firms into the industry in the long run.
  C) experience the exit of existing firms out of the industry in the long run.
  D) continue to earn economic profits in the long run.

Question 2

BHP Billiton is a Canadian company that owns mines in Canada that
 
  A) produce nickel. After World War II, BHP Billiton began to compete with another Canadian firm, the International Nickel Company. This competition eventually ended International Nickel's monopoly in this market.
  B) produce coal. Until World War II, BHP Billiton had a monopoly on coal in Canada.
  C) produce bauxite, the mineral needed to produce aluminum. BHP Billiton began to mine bauxite after World War II. This competition eventually ended the Aluminum Company of America (ALCOA)'s monopoly in this market.
  D) produce diamonds.
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briezy

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Lisaclaire

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

nyrave

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Reply 3 on: Yesterday
Wow, this really help

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