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sinerus sinerus
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6 years ago
If short-run economic profits are greater than zero for firms in a monopolistically competitive market, in the long run we expect
A) competing firms to enter the market and sell similar products.
B) the demand curve for firms in the market to shift to the right.
C) entry barriers to prevent competing firms from entering this market.
D) profits to increase.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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6 years ago
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sinerus Author
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6 years ago
this is exactly what I needed
yen
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Yesterday
Helped a lot
2ne1_12345
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2 hours ago
Thanks
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