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For a firm in monopolistic competition, innovation and product development are

Loraine

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9 years ago

For a firm in monopolistic competition, innovation and product development are

For a firm in monopolistic competition, innovation and product development are
A) senseless because economic profit is always zero in the long run.
B) necessary in order to have a chance of earning at least a short-run economic profit.
C) inconsequential because each firm produces a different product.
D) necessary to allow new firms to enter.
E) uncommon because other firms already produce similar products.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Loraine Author

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9 years ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

noodlelicker

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Thanks for your help!!

asd454512

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2 hours ago

You make an excellent tutor!

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