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-The Figure Above Shows Firm X

Question 83

Multiple Choice

-The figure above shows Firm X.The firm is a monopolistically competitive market.The firm makes an ________ in the short run but will ________ in the long run. A) economic loss of $10 per unit; go out of business or make a zero economic profit B) economic loss of $2 per unit; make an economic profit C) economic profit $10 per unit; make zero economic profit D) economic profit of $1000; definitely go out of business E) economic loss of $10 per unit; definitely face more competition
-The figure above shows Firm X.The firm is a monopolistically competitive market.The firm makes an ________ in the short run but will ________ in the long run.


A) economic loss of $10 per unit; go out of business or make a zero economic profit
B) economic loss of $2 per unit; make an economic profit
C) economic profit $10 per unit; make zero economic profit
D) economic profit of $1000; definitely go out of business
E) economic loss of $10 per unit; definitely face more competition

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