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Author Question: A monopolistically competitive firm ________ in the long run. A) earns low but positive economic ... (Read 99 times)

ssal

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A monopolistically competitive firm ________ in the long run.
 
  A) earns low but positive economic profits
  B) earns high economic profits
  C) earns zero economic profits
  D) incurs losses

Question 2

Refer to the table above. Which of the following statements is true about the marginal product of labor?
 
  A) The marginal product initially decreases with the first few workers and then increases.
  B) The marginal product initially increases with the first few workers and then decreases.
  C) The marginal product decreases as more workers are hired.
  D) The marginal product increases as more workers are hired.



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ong527

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Answer to Question 1

C

Answer to Question 2

B




ssal

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


LVPMS

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Reply 3 on: Yesterday
Wow, this really help

 

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