Suppose that firms in a monopolistically competitive industry are ...

[lunatika]

Suppose that firms in a monopolistically competitive industry are earning short-run economic profits. In the long run, the demand curve facing each individual firm can be expected to
 a. shift to the left and become flatter
  b. shift to the left and become steeper
  c. shift to the right and become flatter
  d. shift to the right and become steeper
  e. remain constant

Question 2

Legislation that benefits many individuals at the expense of a few is a natural outcome of representative democracy.
 a. True
  b. False

[zogaridan]

Answer to Question 1

A

Answer to Question 2

B

[lunatika]

Correct answers!

[zogaridan]

Great! Please up vote