
-The above figure shows a motel engaged in monopolistic competition with other motels. the figure above shows the ________ equilibrium in which the motel is ________ .
A) short-run; earning an economic profit
B) short-run; earning a normal profit
C) long-run; earning an economic profit
D) long-run; earning a normal profit
E) short-run; incurring an economic loss
Correct Answer:
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Q70: If firms in monopolistic competition are earning
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