[Solved] What Will Be the Long-Run Result of New Firms Entering

Question 83
Multiple Choice
arrowQuestion 83arrow

What will be the long-run result of new firms entering a monopolistically-competitive industry?

A)The price charged by the representative firm will be equal to marginal cost.
B)The representative firm will certainly incur losses.
C)While the representative firm will not make economic profits,it will be able to make normal profits.
D)The representative firm will be able to maintain economic profits.


10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

Related Questions

Get Free Access Now!

Get free access by uploading any valuable academic documents


Invite your friends by sharing your unique referral link, and get a free access

Invite a friendInvite a friendInvite a friend
Join Us
Join Us

Sign up to get 5 free question for every quiz you visit. Or Subscribe and get instant access