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In the Long Run, Bubba's Baby Boutique, a Monopolistically Competitive

Question 64

Multiple Choice

In the long run, Bubba's Baby Boutique, a monopolistically competitive firm,


A) earns zero normal profit but positive economic profit
B) earns normal profit but zero economic profit
C) earns normal and economic profit
D) earns zero normal and economic profit
E) might earn any level of economic profit; no level is guaranteed

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