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
You want to buy a $300,000 home. You have $30,000 as a down payment. Therefore, buying the house will require you to take out a $270,000 mortgage. If you pay $1,262.
Answers (1)
J. J. Servan-Schreiber's prediction about the U. S. economy did not come true for many reasons, butone of the more important was that American MNCs confronted a. a resurgence of competition from all over the world. b.
Answers (1)
Handwriting and correct spelling on a work order aren't all that important because they have nothing to do with how well you fixed the car. A) True B) False
Answers (1)
Marginal cost is calculated for a particular increase in output by A. multiplying the total cost by the change in output. B. dividing the change in total cost by the change in output. C. dividing the total cost by the change in output. D.
Answers (2)
Which of the following is not a possible method of transmission for Hepatitis B, Hepatitis C, or HIV? a) b) Needlesticks or other sharps injuries Contact with mucous membranes Exposure to non-intact skin Blood splash on properly secured PPE d)
Answers (1)
New Questions in Business
Which of the following best describes how consumers let producers know what they want to buy and how much they're willing to pay? O A. The purchases consumers make indicate their desires to producers. O B.
Answers (2)
Listing agreements Must be in writing. Are not legally binding. Are unilateral employment contracts. Create an agency relationship.
Answers (1)
Josh is walking to ben hill griffin stadium on gameday when a coca-cola representative offers him and his friends free cans of their new and improved cherry coke. what element of the promotional mix is coca-cola using?
Answers (1)
In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elasticity of demand that will be less than it was in the short run.
Answers (1)
The government determines prices for goods and services in what kind of economy?
Answers (2)