Which of the following statements is true about profits in a monopolistically competitive market? A. Most firms will earn substantial profits from year to year.
B. Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.
C. Profits are rare in monopolistically competitive markets.
DMonopolistically competitive firms are as profitable as monopoly firms.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following statements is true about profits in a monopolistically competitive market? A. Most firms will earn substantial ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A total of 1000 units of a certain product must be completed by the end of the current week. It is now late Monday afternoon, so only four days (8-hour shifts) are left.
Answers (1)
The donut stop acquired equipment for $19,000. the company uses straight-line depreciation and estimates a residual value of $3,000 and a four-year service life.
Answers (1)
You bought 150 shares of stock at $15.00 per share. At the end of the year, you received a dividend of $50.00 and your stock was valued at $2,500.00. What was your rate of return? Question 1 options:
Answers (1)
Which county office has responsibility for determining the value of real estate?
Answers (1)
Gains on the sale of long-term assets for cash: A. Are reported on a net-of-tax basis if material. B. Are the excess of the cash received over the book value. C. Are recorded as a debit. D. Are the excess of the book value over the cash received.
Answers (1)
New Questions in Business
You would advise a client that's launching a new product line to advertise on the google display network because she can:
Answers (1)
Which statement is generally TRUE? Private markets overprovide public goods. Private markets underprovide public goods. Private markets provide the socially optimal amount of public good.
Answers (1)
When opening a checking account, the bank does not run an account verification if you provide a state-issued ID.
Answers (1)
According to the case, the digital tabloid market is at which stage of the product life cycle?
Answers (1)
Which tab in the Group Policy Results window shows all events in Event Viewer that are generated by group policies, and can be used to view the relevant information on a remote computer?
Answers (1)