Multiple Choice
In the long run,a firm in monopolistic competition ________ a markup of price over marginal cost,and a firm in perfect competition ________ a markup of price over marginal cost.
A) has; has
B) has; does not have
C) does not have; has
D) does not have; does not have
E) might have; might have
Correct Answer:

Verified
Correct Answer:
Verified
Q134: Why would a firm in a monopolistically
Q135: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Kevin owns a
Q136: For a firm in monopolistic competition,define efficient
Q137: Product differentiation means<br>A) making a product that
Q138: To maintain their economic profits,firms in monopolistic
Q140: The shampoo industry is constantly coming out
Q141: If a monopolistically competitive seller's marginal cost
Q142: A market in which the Herfindahl-Hirschman Index
Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Listed in the
Q144: A firm in monopolistic competition has a