A firm in long-run equilibrium under monopolistic competition ...

[arivle123]

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]

Answer to Question 1

A

Answer to Question 2

D