In the long run, in monopolistic competition A) a firm's price ...

[Charlie]

In the long run, in monopolistic competition
 
  A) a firm's price equals its marginal cost.
  B) firms make an economic profit.
  C) firms make zero economic profit.
  D) Both answers A and C are correct.

Question 2

The Sherman Act of 1890 was passed to prohibit
 
  A) combinations, trusts, or conspiracies to restrict interstate or international trade.
  B) monopolization or attempts to monopolize interstate or international trade.
  C) both of the above.
  D) neither of the above.

[nital]

Answer to Question 1

C

Answer to Question 2

C

[Charlie]

Thanks for the timely response, appreciate it

[pratush dev]

Excellent