When firms in monopolistic competition are making an economic profit,firms will
A) enter the industry, and demand will increase for the original firms.
B) exit the industry, and demand will increase for the firms that remain.
C) exit the industry, and demand will decrease for the firms that remain.
D) enter the industry, and demand will decrease for the original firms.
E) enter the industry and then will exit the industry.
Correct Answer:
Verified
Q81: In the long-run,a firm in monopolistic competition
Q105: In the long run,firms in monopolistic competition
Q106: If firms in monopolistic competition are making
Q108: When a monopolistically competitive firm's demand curve
Q109: In monopolistic competition,the entry of new firms
A)
Q111: Which of the following is NOT a
Q112: At a long-run equilibrium in monopolistic competition,price
Q113: In the long run,a firm in monopolistic
Q114: Which of the following is true of
Q115: In monopolistic competition,there are _ barriers to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents