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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 16
In the long run in monopolistic competition _______.
A) most firms make a profit
B) the absence of entry barriers ensures that there are no profits
C) economies of scale ensure that there are no profits
D) most firms lose money
A) most firms make a profit
B) the absence of entry barriers ensures that there are no profits
C) economies of scale ensure that there are no profits
D) most firms lose money
Explanation
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Verified
The option (a) most firms makes a profit...
Microeconomics 9th Edition by Stephen Slavin
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