In the long run, in monopolistic competition
A) a firm's price equals its marginal cost.
B) firms make an economic profit.
C) firms make zero economic profit.
D) Both answers A and C are correct.
Correct Answer:
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Q139: Q140: Q141: In a monopolistically competitive industry Q142: Which of the following is TRUE regarding Q143: Which of the following is TRUE regarding Q145: In monopolistically competitive industries Q146: If in monopolistic competition in the short Q147: In the long run, all firms in Q148: In the long run, a firm in Q149: In the long run, monopolistically competitive firms
A) firms can
A) entry and exit
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