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Author Question: In the monopolistic competition model, firms earn zero economic profits in long-run equilibrium. a. ... (Read 95 times)

natalie2426

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  • Posts: 524
on: Jun 30, 2018
In the monopolistic competition model, firms earn zero economic profits in long-run equilibrium.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose a hefty rise in the demand for Mexican pesos creates a chronic shortage of this currency in the foreign exchange market. Which of the following steps should be adopted by the Mexican government to eliminate this shortage?
 a. The government should impose a ban on Mexican exports.
  b. The government should devalue the peso.
  c. The government should print more pesos to increase its supply.
  d. The government should allow the peso to appreciate.
  e. The government should allow the peso to depreciate.


mjenn52

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  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


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