The monopolistically competitive firm in the following figure is earning a profit of _____; in the long run, _____ will occur in this industry.

A) $300; entry
B) $300; exit
C) $400; entry
D) $400; exit

Question

The monopolistically competitive firm in the following figure is earning a profit of _____; in the long run, _____ will occur in this industry.

A) $300; entry 
B) $300; exit 
C) $400; entry 
D) $400; exit

Quizplus · Accepted Answer

The Answer of The monopolistically competitive firm in the following figure is earning a profit of _____; in the long run, _____ will occur in this industry.

A) $300; entry 
B) $300; exit 
C) $400; entry 
D) $400; exit

The Monopolistically Competitive Firm in the Following Figure Is Earning