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Author Question: If there are a large number of firms in a monopolistically competitive industry A) long-run ... (Read 50 times)

danielfitts88

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on: Jun 30, 2018
If there are a large number of firms in a monopolistically competitive industry
 
  A) long-run profit will be equal to zero.
  B) the country in which the firms are located can be expected to export the goods they produce.
  C) there will be barriers to entry that prevent addition firms from entering the industry.
  D) the firms will converge production on a standardized product.
  E) there will be a small number of firms that are very large and the rest will be very small.

Question 2

Which agreement removes customs and passport controls at the common borders of many EU countries?
 
  What will be an ideal response?


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heyhey123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

Schengen Agreement


danielfitts88

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

komodo7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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