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Author Question: A firm in long-run equilibrium under monopolistic competition will earn A) zero economic profits ... (Read 155 times)

arivle123

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on: Jun 30, 2018
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


Carliemb17

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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