If firms in a monopolistically competitive market are earning positive profits,then
A) firms will likely be subject to regulation.
B) barriers to entry will be strengthened.
C) some firms must exit the market.
D) new firms will enter the market.
Correct Answer:
Verified
Q26: Figure 17-4 Q27: Figure 17-4 Q28: Figure 17-4 Q32: Figure 17-4 Q35: Figure 17-3 Q361: In monopolistically competitive markets, positive economic profits Q363: As new firms enter a monopolistically competitive Q364: When a firm's demand curve is tangent Q367: As firms exit a monopolistically competitive market, Q369: A profit-maximizing firm operating in a monopolistically Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
The lines in the figures below
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