In the long run the monopolistic competitor an economic profit and the perfect c

Question

In the long run the monopolistic competitor an economic profit and the perfect competitor an economic profit. A. makes; makes B. makes; does not make C. does not make; does not make D. does not make; makes In the long run the monopolistic competitor at peak efficiency and the perfect competitor at peak efficiency. A. operates; operates B. operates; does not operate C. does not operate; operates D. does not operate; does not operate The monopolistic competitor A. may make a profit in the short run but not in the long run. B. may make a profit in the long run but not in the short run. C. may make a profit in both the short run and the long run. D. may make a profit in neither the short run nor the long run. In the long run the monopolistic competitor will be A. making a profit B. taking a loss C. breaking even D. None of the choices are correct. Which is the most accurate statement? A. In monopolistically competitive industries there are generally too many firms. B. One of the

Explanation / Answer

25.) its B.in monopolistic competitor make its maximising profit(because MR=MC)while the perfect competitors doesnt make(because of arrival of new firm to market makes a demand shifts to downward).

27.) its C

29.) its A

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