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Author Question: In longrun equilibrium for a monopolistically competitive industry, ________ firms earn ________ ... (Read 84 times)

crazycityslicker

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on: Apr 19, 2019

Question 1

When some firms exit a monopolistic competitive industry, the demand curves of the remaining firms in the industry ________.


◦ do not change
◦ shift to the left
◦ shift downward
◦ shift to the right

Question 2

In long‐run equilibrium for a monopolistically competitive industry, ________ firms earn ________ economic profits.


◦ some; positive
◦ some; negative
◦ no; zero
◦ no; positive or negative
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by crazycityslicker on Apr 19, 2019

pikon

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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crazycityslicker

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Excellent

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