Solved

A Profit-Maximising Firm in a Monopolistically Competitive Market Is Eager

Question 90

Multiple Choice

A profit-maximising firm in a monopolistically competitive market is eager for another customer because:


A) it has excess capacity
B) a mark-up over marginal cost is difficult to maintain
C) price exceeds marginal cost
D) it earns zero economic profits in the long run

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents