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
Welcome sign for Kenton, Tennessee, an example of competition for "White Squirrel Capital"
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Management Information Systems: Managing the Digital Firm, 15th Edition
economic