Author Question: Due to the entry and exit of firms in a monopolistically competitive market: a. economic profits ... (Read 117 times)

ahriuashd · **on:** Jun 30, 2018

Due to the entry and exit of firms in a monopolistically competitive market:
a. economic profits and economic losses are dissipated in the long run.
b. economic profits persist in the long run, but not economic losses.
c. economic losses will exist in the long run, but not economic profits.
d. both economic profits and economic losses exist in the long run.

Question 2

World Bank funds are largely acquired through interest earned on the deposits of member nations.
a. True
b. False
Indicate whether the statement is true or false