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Author Question: In the long run, Bubba's Baby Boutique, a monopolistically competitive firm, a. earns zero normal ... (Read 32 times)

shofmannx20

  • Hero Member
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  • Posts: 562
on: Jun 30, 2018
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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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

E


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