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-If Firms in Monopolistic Competition Are Making Economic Profits, Eventually

Question 27

Multiple Choice

-If firms in monopolistic competition are making economic profits, eventually A) they shut down. B) new firms enter the industry. C) they exit the industry. D) the firms in the market increase their production so that the economic profit disappears. E) the market turns into a monopoly.
-If firms in monopolistic competition are making economic profits, eventually


A) they shut down.
B) new firms enter the industry.
C) they exit the industry.
D) the firms in the market increase their production so that the economic profit disappears.
E) the market turns into a monopoly.

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