In monopolistic competition of firms are making abnormal profit other firms will enter and?
Correct answer A. The marginal cost will shift outwards
Tip: press A, B, C or D to answer, and N for the next question.
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More Costs , Supply And Perfect Competition questions
See allIf a firm takes over a competitor then, according to porter’s 5 forces model?
Correct answer B. Supplier power is higher
In monopolistic competition?
Correct answer C. There is one seller
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If a long run average cost curve is falling form left to right this is an example of?
Correct answer A. increasing returns to scale
When average cost is falling marginal cost is ____ and when average cost is rising marginal cost is?
Correct answer B. less than average cost, greater than average cost
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