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Home Q & A Board Other Fields Homework Help Business Economics
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insherro insherro
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7 years ago
Suppose the firms in a monopolistically competitive market are earning positive economic profits. What will happen to move the market to its long-run equilibrium?
A) The firms' demand curves will become less elastic.
B) The demand curves faced by firms in the market will shift to the right.
C) More close substitutes will appear in the market.
D) Some firms will exit the market if they can't cover all of their fixed and variable costs.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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toogootoogoo
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7 years ago
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insherro Author
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7 years ago
Thanks for your help!!
ealvino1610
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Yesterday
Thanks
sadiewolf
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2 hours ago
Helped a lot
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