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Author Question: A monopolistically competitive firm that is profitable in the short run will face competition that ... (Read 109 times)

dollx

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on: Jun 29, 2018
A monopolistically competitive firm that is profitable in the short run will face competition that will eventually eliminate the firm's profits in the long run. But the firm can stave off competition and continue to earn economic profits if
 
  A) it can lobby the government to establish a price floor for its product.
  B) it can find new ways to differentiate its product.
  C) it can move to another country where there is less competition.
  D) it can successfully sue its competitors for copyright infringement.

Question 2

Refer to Figure 15-3. What happens to the monopolist represented in the diagram in the long run?
 
  A) It will be forced out of business by more efficient producers.
  B) It will raise its price at least until it breaks even.
  C) If the cost and demand curves remain the same, it will exit the market.
  D) The government will subsidize the monopoly to enable it to break even.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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bitingbit

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dollx

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Reply #2 on: Jun 29, 2018
Thank you :)


bitingbit

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Reply #3 on: Jun 29, 2018
Happy to help you


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