
-The above figure shows a monopolistically competitive firm. The figure
A) could be either a short- run or long- run illustration because monopolistically competitive firms can make an economic profit in the long- run.
B) is only a long- run illustration because the firm is making zero economic profit.
C) is only a short- run illustration because the firm is making an economic profit.
D) is neither a short- nor a long- run illustration.
Correct Answer:
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Q126: Q127: Which of the following is NOT a Q128: Q129: In monopolistic competition, when firms make an Q130: Which of the following is true regarding Q132: In the long run, a monopolistically competitive Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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