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If firms in a monopolistically competitive market are earning economic profits greater than zero in the short run, then in the long run: O A.
If firms in a monopolistically competitive market are earning economic profits greater than zero in the short run, then in the long run: O A. profits will increase. O B. demand will not change. O c. firms will exit this market. O D. profits will decrease
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
