Which of the following is true?

Name: Which of the following is true?
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

A monopolistic competitor can incur losses in the short run due to high fixed costs and low marginal revenue. However, they can also earn economic profits in the short run if they are able to differentiate their product successfully and charge a higher price than their production costs. In the long run, the entry of new competitors can lead to reduced demand and lower prices, which may reduce or eliminate economic profits.

Which of the Following Is True