Monopolistically competitive firms experience economic profits in the long run that are:
eliminated due to firms leaving the industry.
eliminated due to firms entering the industry.
not eliminated because the competition is imperfect.
not eliminated because the demand curve is downward sloping.
not eliminated due to high barriers to entry to the industry.

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?