The most important factor in determining the long-run profit-09008
The most important factor in determining the long-run profit potential in monopolistic competition is:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.6.
The most important factor in determining the long-run profit potential in monopolistic competition is:
Free entry and exit.
The elasticity of the market demand curve.
The elasticity of the firm's demand curve.
The reaction of rival firms to a change in price.
