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Loraine Loraine
wrote...
Posts: 4563
8 years ago
A firm in monopolistic competition is similar to a firm in perfect competition because they both
A) can earn only zero economic profit in the long run.
B) can earn only zero economic profit in the short run.
C) maximize their profits by producing where P = MR = MC.
D) Both answers A and C are correct.
E) Both answers B and C are correct.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 212 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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Posts: 1913
8 years ago
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Loraine Author
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8 years ago
this is exactly what I needed
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Yesterday
Just got PERFECT on my quiz
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2 hours ago
Helped a lot
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