In short-run, in monopolistic competition, a firm earns:

A. Normal profits

B. Abnormal profits

C. No profits

D. All of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Price is measured in:
  2. Cross-elasticity of demand or cross-price elasticity between two independent goods will be:
  3. Under price discrimination, the buyers must:
  4. The basic subject matter of economics is:
  5. Dumping is international discriminating:
  6. Rent is a creation of value, not of wealth who made this observation?
  7. The number of sellers in oligopoly are:
  8. Extension (expansion) and contraction of demand are result of:
  9. The costs faced by the firm against variable factors are:
  10. Necessary condition for consumer equilibrium is:
  11. In the short-run, the competitive firm can maximize its profits (or minimize its losses) by:
  12. Chamberline introduces the concept of:
  13. Which of the following is called Gossens first law?
  14. The firm is at equilibrium where:
  15. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  16. The slope of isocost line (budget line) shows:
  17. According to Diamond Water Paradox diamonds are more expensive than water because:
  18. To attain maximum profits during short-run a firm should produce the output that will:
  19. Law of Returns to Scale shows:
  20. A vertical supply curve parallel to the price axis implies that the elasticity of supply is:
  21. Returns to scale is a:
  22. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  23. In substitution effect, we:
  24. When there is decrease in demand the demand curve:
  25. Cross-elasticity of demand or cross-price elasticity between two complements will be:
  26. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  27. A monopolist:
  28. In modern cost theory, AVC= b1 and MC= b1 in the range of:
  29. The marshallian demand curve includes:
  30. When a consumer is satisfied with his spending pattern, he is said to be in: