中等ECON-MSTR-012
In monopolistic competition, long-run economic profit tends to be:
A. Supernormal, because entry is blocked
B. Normal, because entry is free✓ 答案
C. Always negative
D. Equal to total revenue
解說
Short-run economic profit attracts entry, which competes long-run profit down to normal. The demand curve can still slope downward. Profit equal to total revenue would mean zero cost.