Social Studies, 07.04.2020 15:28, ikgopoleng8815
If firms in a monopolistically competitive market are earning economic profits, which of thefollowing scenarios best reflects the change a representative firm experiences as the market adjuststo its long-run equilibrium?
A) Demand increases and becomes less elastic.
B) Demand decreases and becomes more elastic.
C) Demand increases and becomes more elastic.
D) Demand decreases and becomes less elastic.
Answers: 2
Social Studies, 22.06.2019 04:00, jeffreyaxtell4132
What is one way the congress used normal legislation to affect the executive branch of government? a) congress passed laws to regulate commerce. b) congress established federal courts below the supreme court. c) congress set up agencies, departments, and offices. d) congress creates the presidency and vice presidency.
Answers: 1
If firms in a monopolistically competitive market are earning economic profits, which of thefollowin...
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