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tatuchka [14]
3 years ago
12

In the long run, both monopolistic competition and competitive markets result in: a) a wide variety of brand-name choices for co

nsumers. b) an inefficient allocation of resources. c) zero economic profit for firms. d) excess capacity. e)insufficient capacity.
Business
1 answer:
Lubov Fominskaja [6]3 years ago
6 0

Answer:

c) zero economic profit for firms.

Explanation:

In both cases, while there is room for economic gain, market structures - perfect competition and monopolistic competition - will attract entrants to compete. In the long run, the market goes into balance when economic profit is zero.

Recalling that the concept of economic profit is different from accounting profit.

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2 years ago
Which of the following accurately describes a shortage?
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"Consumer demand for a certain car is greater than the number of cars that can be produced" is the one among the following that <span>accurately describes a shortage. The correct option among all the options that are given in the question is the first option or option "a". I hope the answer helps you.</span>
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3 years ago
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Answer:

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