Answer to Question #347677 in Macroeconomics for Vhugala Mpfuni

Question

Which of the following is true?

A.A monopolistically competitive firm does not produce at its minimum ATC in the long-run.

B.A monopolistically competitive firm cannot successfully maintain positive economic profits in the long-run.

C.Barriers to entry make it possible for monopolies to earn positive economic profits in the long-run.

D.All of the above

Answer 1

D. All of the above