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Author Question: In the long-run, firms in a monopolistically competitive market earn zero economic profit. a. True ... (Read 62 times)

TFauchery

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In the long-run, firms in a monopolistically competitive market earn zero economic profit.
 a. True
  b. False

Question 2

A large U.S. steel firm wants to restrict imports of Japanese steel, but Ford Motor Company wants fewer restrictions on steel so that the price of steel will go down. This can best be described as
 a. a zero-sum game
  b. a competing-interest situation
  c. a special-interest situation
  d. a situation without widespread costs and benefits
  e. an argument over distribution of a public good



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trog

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Answer to Question 1

A

Answer to Question 2

B




TFauchery

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Reply 2 on: Jun 30, 2018
Excellent


ghepp

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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