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Author Question: When monopolistically competitive firms earn ________ profits, other firms ________ the industry in ... (Read 169 times)

nautica902

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on: Apr 19, 2019

Question 1

Monopolistically competitive firms ________ because in long-run equilibrium price is ________ marginal cost.


◦ prevent the efficient use of resources; less than
◦ prevent the efficient use of resources; greater than
◦ use resources efficiently; greater than
◦ use resources efficiently; equal to

Question 2

When monopolistically competitive firms earn ________ profits, other firms ________ the industry in the long run.


◦ positive economic; exit
◦ normal; enter
◦ negative economic; exit
◦ normal; exit
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nautica902 on Apr 19, 2019

jasonq

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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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nautica902

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Reply #2 on: Apr 19, 2019
Thanks


jasonq

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Reply #3 on: Apr 19, 2019
Welcome :)


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