Why do most firms in monopolistic competition typically make zero profit in the long run?
A) because the lack of entry barriers would compete away profits
B) because the total market is not large enough to accommodate so many firms
C) because firms do not produce at their minimum efficient scale
D) because firms produce differentiated products
Question 2
Profit is the difference between
A) total revenue and total explicit cost. B) total revenue and total cost.
C) total revenue and variable cost. D) marginal revenue and marginal cost.
On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Levels of Processing Affects Long-Term but not Short-Term Memory
Composition of a long bone
What atomic or hybrid orbital on P make up the sigma bond between P and Cl in phosphorous ...