Which of the following statements is true about profits in a monopolistically competitive market? a. most firms will earn substantial profits from year to year.
b. many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.
c. profits are rare in monopolistically competitive markets.
dmonopolistically competitive firms are as profitable as monopoly firms.

When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?