In the long run, a monopolistically competitive firm:
A)will earn normal profits.
B)will earn excess profits.
C)will earn no profits.
D)will produce where marginal cost equals price.

Question

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The Answer of In the long run, a monopolistically competitive firm:
A)will earn normal profits.
B)will earn excess profits.
C)will earn no profits.
D)will produce where marginal cost equals price.

In the Long Run, a Monopolistically Competitive Firm