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Author Question: Suppose that firms in a monopolistically competitive industry are earning short-run economic ... (Read 174 times)

lunatika

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on: Jun 30, 2018
Suppose that firms in a monopolistically competitive industry are earning short-run economic profits. In the long run, the demand curve facing each individual firm can be expected to
 a. shift to the left and become flatter
  b. shift to the left and become steeper
  c. shift to the right and become flatter
  d. shift to the right and become steeper
  e. remain constant

Question 2

Legislation that benefits many individuals at the expense of a few is a natural outcome of representative democracy.
 a. True
  b. False


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zogaridan

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

A

Answer to Question 2

B


lunatika

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Reply #2 on: Jun 30, 2018
Correct answers!


zogaridan

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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