In monopolistic competition, firms can make an economic profit in
A) the long run but not in the short run.
B) the short run but not in the long run.
C) the short run and in the long run.
D) neither the long run nor the short run.
Correct Answer:
Verified
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Q75: Q76: In monopolistically competitive industries, Q78: In monopolistic competition Q79: In the long run, monopolistically competitive firms Q80: Monopolistic competition is a market structure in
A) there is no
A) firms produce and sell
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