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28 Sep 2019
If firms in a monopolistically competitive industry are making an economic profit:
a. all of the answers are correct.
b. price is higher than the marginal cost.
c. new firms will enter the industry.
d. economic profit will fall in future periods.
If firms in a monopolistically competitive industry are making an economic profit:
a. all of the answers are correct.
b. price is higher than the marginal cost.
c. new firms will enter the industry.
d. economic profit will fall in future periods.
Nusrat FatimaLv10
28 Sep 2019
