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
Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
Hydrostatic Equilibrium
Economic and Social Development
economic question
economic question
Interference Competition