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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Amigos, Inc., purchased a used piece of heavy equipment for $30,000. Delivery of the equipment to Amigos's business site cost $750. Expenditures to recondition the equipment and prepare it for use totaled $2,230.
Answers (1)
At year-end, Schultz has cash of $ 11 comma 600 , current accounts receivable of $ 48 comma 900 , merchandise inventory of $ 37 comma 900 , and prepaid expenses totaling $ 5 comma 100. Liabilities of $ 55 comma 900 must be paid next year.
Answers (1)
Agricultural researchers plant 100 plots with a new variety of corn and measure the mean yield for these plots in bushels per acre.
Answers (1)
Which loan type requires you to make loan payments while you're attending school? Unsubsidized federal loanBSubsidized federal loanCPell GrantDNone of the above
Answers (1)
Suppose you are a risk-neutral manager attempting to hire a new sales manager. All of the workers in the market have the same ability to manage and sell, but they differ with respect to the wage at which they are willing to work for your company.
Answers (1)
New Questions in Business
Ariel has two children, christopher and pat. christopher is 25 years old and pat is 22. both are full time students at southern college, have full tuition scholarships, and live at school during the year. christopher graduated in june.
Answers (1)
What is the Fisher effect? the tendency of nominal interest rates to rise with higher expected inflation rates the tendency of real interest rates to fall with higher expected inflation rates the tendency of nominal interest rates to fall with
Answers (1)
A tax on a good a. lowers the price that buyers pay and lowers the price that sellers receive. b. lowers the price that buyers pay and raises the price that sellers receive. c.
Answers (1)
Hi everyone I don't understand question 5 last part that how much to regular account? Kathy Burnett works for Triumph Industries. Her pay rate is $13.
Answers (1)
Where does the wave erosion occur and where
Answers (1)