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Author Question: In the long-run, firms in a monopolistically competitive market earn zero economic profit. a. True ... (Read 37 times)

TFauchery

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on: Jun 30, 2018
In the long-run, firms in a monopolistically competitive market earn zero economic profit.
 a. True
  b. False

Question 2

A large U.S. steel firm wants to restrict imports of Japanese steel, but Ford Motor Company wants fewer restrictions on steel so that the price of steel will go down. This can best be described as
 a. a zero-sum game
  b. a competing-interest situation
  c. a special-interest situation
  d. a situation without widespread costs and benefits
  e. an argument over distribution of a public good


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trog

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

A

Answer to Question 2

B


TFauchery

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
Wow, this really help

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