Recent Posts • Latest Topics • Unanswered Questions

If the firms in a monopolistically competitive industry are earning economic profits,

Retnec

wrote...

Go to Answer

Posts: 1082

Rep:

6 years ago

If the firms in a monopolistically competitive industry are earning economic profits,

If the firms in a monopolistically competitive industry are earning economic profits,
A) additional firms will enter the industry, shifting each firm's demand curve to the right.
B) firms will tend to leave the industry until a normal profit is earned.
C) firms will enter the industry, reducing the demand for each firm's product.
D) firms will enter the industry until each firm's demand curve is tangent to its marginal cost curve.

Textbook

Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

Read 86 times

1 Reply

Report

Replies

Answer verified by a subject expert

hecosmetic

wrote...

Related Topics

Retnec Author

wrote...

6 years ago

Thanks

avance37

wrote...

Yesterday

Just got PERFECT on my quiz

Shassta22

wrote...

2 hours ago

This site is awesome

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1232 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

272

Your Opinion

Previous poll results: Which is the best fuel for late night cramming?

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.