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Author Question: If a firm in monopolistic competition is making an economic profit, (Read 111 times)

madam-professor

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on: May 24, 2019
If a firm in monopolistic competition is making an economic profit,
◦ it is in the long run.
◦ other firms can enter the market.
◦ it can do so because it is "monopolistic" and other firms will have a hard time competing with it.
◦ its average cost must exceed its marginal cost.
◦ The question errs because firms in monopolistic competition cannot make an economic profit.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by madam-professor on May 24, 2019

irishcancer18

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Reply #1 on: May 24, 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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madam-professor

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Reply #2 on: May 24, 2019
Thank you!


irishcancer18

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Reply #3 on: May 24, 2019
Always glad to help...


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