Given the fact that in monopolistic competition free entry and exit of firms is possible, what is likely to happen as we move toward the long run? a some firms will leave the industry. b barriers to entry will prevent entry or exit. c some firms will enter the industry. d nothing will happen.

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.