Suppose that firms in a monopolistically competitive industry are making positive profits in the short run.

select the correct answers below to describe what will happen in this industry in the long run.

since profits are greater than zero, firms will enter/exit

as this occurs, demand for each firm will, increase/decrease/stay the same

this will continue until, profits increase/decrease/equal zero

at this point, p=atc/p=mr/p=mc

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

Blank is the internal operation that arranges information resources to support business performance and outcomes

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?