Figure: Monopolistic Competition VI
(Figure: Monopolistic Competition VI) The figure Monopolistic Competition VI illustrates a firm in the ; in the
________, the demand and marginal revenue curves will shift to the _.
A)short run; long run; right .
B)long run; short run; left .
C)short run; long run; left .
D)long run; short run; right

Question

Quizplus · Accepted Answer

In the long run, firms can enter or exit the market, which will shift the demand and marginal revenue curves to the right.