Author Question: In the above figure, the firm is a monopolistically competitive firm. In the long run, its economic ... (Read 37 times)

codyclark · **on:** Jun 29, 2018

In the above figure, the firm is a monopolistically competitive firm. In the long run, its economic profit will be

A) zero.
B) between zero and 50 per day.
C) greater than 50 per day.
D) some amount that cannot be determined without more information.

Question 2

In the figure above, the Lorenz curve that shows the least inequality, but NOT perfect equality, is

A) curve A.
B) curve B.
C) curve C.
D) curve D.