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Home Q & A Board Other Fields Homework Help Business Economics
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wrightjb wrightjb
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4 years ago

Question 1.

When monopolistically competitive firms earn ________ profits, other firms ________ the industry in the long run.



▸ positive economic; exit

▸ normal; enter

▸ negative economic; exit

▸ normal; exit

Question 2.

For a monopolistically competitive firm, its demand curve is the same as its marginal revenue curve.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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emr21emr21
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4 years ago
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wrightjb Author
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#2
4 years ago
This site is awesome!
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#3
4 years ago
Slight Smile Good luck on the rest
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