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nakungth nakungth
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6 years ago
Why don't some firms in monopolistic competition earn losses in the long run?
A) The firms have enough monopoly power to ensure they always earn profits.
B) Free entry allows enough firms to remain in the market and maintain the critical mass of firms required to attract customers.
C) Free exit implies that any unprofitable firms leave the market in the long run.
D) In the long run, firms will build enough brand loyalty among customers to ensure a profitable level of sales.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 56 times
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wrote...
#1
6 years ago
C
nakungth Author
wrote...
#2
5 years ago
A+ answer, ty
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