Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Loraine Loraine
wrote...
Go to Answer
Posts: 4563
Rep: 33 0
8 years ago
In the long run, firms in monopolistic competition earn zero economic profit. When firms earn zero economic profit, in the long run they exit the industry.
A) The first sentence is correct and the second sentence is incorrect.
B) The first sentence is incorrect and the second sentence is correct.
C) Both sentences are correct.
D) Both sentences are incorrect.
E) More information about the presence or absence of barriers to entry and exit is needed to determine if the statements are true or false.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 166 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
Replies
Answer verified by a subject expert
VincenzoDVincenzoD
wrote...
#1
Top Poster
Posts: 1913
Rep: 241 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Loraine Author
wrote...

8 years ago
Smart ... Thanks!
sweetalia
wrote...

Yesterday
This site is awesome
SUmmerPeople
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1238 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 172
  
 1087
  
 190
Your Opinion
Which is the best fuel for late night cramming?
Votes: 145
Previous poll results: Who will win the 2024 president election?