A firm in long-run equilibrium under monopolistic competition will earn
A) zero economic profits because of free entry.
B) positive monopoly profits because each sells a differentiated product.
C) positive oligopoly profits because each firm sells a differentiated product.
D) negative economic profits because it has economies of scale.
E) positive economic profit if it engages in international trade.
Question 2
________ is the largest international debtor in the world.
A) Brazil
B) Mexico
C) Italy
D) The United States
What will be the pH of the solution once equilibrium is established?
Write equilibrium constant expressions for the following reactions in terms of concentration:
economic question
economic question
economic question
The Hardy–Weinberg equilibrium for two autosomal alleles.