The figure above shows a monopolistically competitive firm in the ...

[HCHenry]

The figure above shows a monopolistically competitive firm in the short run. During the transition to the long run, the demand curve will shift ________ and the MR curve will shift ________.
 
  A) leftward; leftward
  B) leftward; rightward
  C) rightward; leftward
  D) rightward; rightward

Question 2

Governments often intervene in agricultural markets by
 
  A) granting subsidies.
  B) setting production quotas that will increase production.
  C) setting price floors that reduce prices for buyers.
  D) imposing heavy taxes on farm products.

[juiceman1987]

Answer to Question 1

A

Answer to Question 2

A

[HCHenry]

Excellent

[daiying98]

Thanks for the timely response, appreciate it