Multiple Choice
Firms in which of the following industries can make an economic profit in the long run?
A) both monopolistic competition and monopoly
B) perfect competition
C) monopoly
D) monopolistic competition
E) monopolistic competition and perfect competition
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In long-run equilibrium,a firm in monopolistic competition
Q3: Excess capacity is the<br>A) difference between a
Q4: In the long run,a firm in monopolistic
Q5: In the long run in monopolistic competition,firms<br>A)
Q6: In the long run,a firm in monopolistic
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q8: If a firm is maximizing its profit
Q9: If a firm has excess capacity,it<br>A) produces
Q11: In the long run,firms in monopolistic competition
Q132: Draw an example of a firm in