Which of the following is a difference between a monopolistically compettive market and a monopoly in the long run?OA. Firms in a monopolistically competitive market eam zero economic profits in the long run, while a monopolist incurs losses in the long run.B. Firms in a monopolistically competitive market charge a price higher than marginal cast in the long run, while a monopolist charges a price equal to marginal cast in the long runOC. Firms in a monopolistically competitive market car zero economic profits in the long run, while a monopolist usually carns positive economic profits in the long run.OD. Firms in a monopolistically competitive market charge a price lower than merginal cost in the long run, while a monopolist charges a price equal to merginel cost in the long run.

Market structures are essential in economics because they influence the dynamics that govern…

Which of the following is a difference between a monopoisticaly compettive market and a monopoly in the long run OA. Firms in a monopolistically competitive market eam zero economic profits in the long run, while a monopolist incurs losses in the long run ⒸB. Firms in a monpoistically competitive market change a price higher than marginal cost in the long ran, whie a monopolist charges a price equal to marginal rast in the long run OC. Fiams in a monopolistically competitive market cam oto otonomic profits in the long run, whilo a monapolist usually cars positive economic profils in the long run OD. Firms in a monopolistically compettive market charge a price lower than merginal cost in the long run, while a monopolist charges a price equal to merginal cost in the long run

Which of the following is a difference between a monopoisticaly compettive market and a monopoly in the long run OA. Firms in a monopolistically competitive market eam zero economic profits in the long run, while a monopolist incurs losses in the long run ⒸB. Firms in a monpoistically competitive market change a price higher than marginal cost in the long ran, whie a monopolist charges a price equal to marginal rast in the long run OC. Fiams in a monopolistically competitive market cam oto otonomic profits in the long run, whilo a monapolist usually cars positive economic profils in the long run OD. Firms in a monopolistically compettive market charge a price lower than merginal cost in the long run, while a monopolist charges a price equal to merginal cost in the long run

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter14: Monopolistic Competition And Product Differentiation

Section: Chapter Questions

Problem 10P

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Similar questions

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