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Question 11

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Figure: Monopolistic Competition V Use the following to answer questions: Figure: Monopolistic Competition V   -(Figure: Monopolistic Competition V)  In the figure Monopolistic Competition V, in the long run firms will: A)  enter this market until all firms earn zero economic profit. B)  exit this market until all remaining firms earn zero profit. C)  enter this market, leading to excess profit for all the firms. D)  exit this market, leading to excess profit for all the remaining firms.
-(Figure: Monopolistic Competition V) In the figure Monopolistic Competition V, in the long run firms will:


A) enter this market until all firms earn zero economic profit.
B) exit this market until all remaining firms earn zero profit.
C) enter this market, leading to excess profit for all the firms.
D) exit this market, leading to excess profit for all the remaining firms.

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