Author Question: A firm in long-run equilibrium under monopolistic competition will earn A) zero economic profits ... (Read 115 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
A firm in long-run equilibrium under monopolistic competition will earn
 
  A) zero economic profits because of free entry.
  B) positive monopoly profits because each sells a differentiated product.
  C) positive oligopoly profits because each firm sells a differentiated product.
  D) negative economic profits because it has economies of scale.
  E) positive economic profit if it engages in international trade.

Question 2

________ is the largest international debtor in the world.
 
  A) Brazil
  B) Mexico
  C) Italy
  D) The United States



Carliemb17

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

For a complete list of videos, visit our video library