Since a monopolistically competitive firm has a monopoly over the particular product it produces, the firm is guaranteed a profit in the long run.
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Q203: When _ for a monopolistically competitive firm,
Q204: When monopolistically competitive firms earn _ profits,
Q205: If a monopolistically competitive firm is producing
Q206: In general, the demand curve facing the
Q207: When firms enter a monopolistically competitive industry,
Q209: In long-run equilibrium for a monopolistically competitive
Q210: In long-run equilibrium for a monopolistically competitive
Q211: In long-run equilibrium for a monopolistically competitive
Q212: If a monopolistically competitive firm is producing
Q213: Firms will _ a monopolistically competitive market
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