Author Question: In the long run, Bubba's Baby Boutique, a monopolistically competitive firm, a. earns zero normal ... (Read 30 times)

shofmannx20

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In the long run, Bubba's Baby Boutique, a monopolistically competitive firm,
 a. earns zero normal profit but positive economic profit
  b. earns normal profit but zero economic profit
  c. earns normal and economic profit
  d. earns zero normal and economic profit
  e. might earn any level of economic profit; no level is guaranteed

Question 2

In a democratic society, the preferences of __________ will often dominate decisions made by direct majority voting.
 a. elected government representatives
  b. special interest groups
  c. rent seekers
  d. senior citizens
  e. the median voter



Loise Hard

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Answer to Question 1

B

Answer to Question 2

E



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