The monopolistically competitive firm:
A) (like a firm in a competitive market) will earn an economic profit in the long run.
B) (unlike a monopolist) will not earn an economic profit in the long run.
C) (like a monopolist) will not earn an economic profit in the long run.
D) (unlike a firm in a competitive market) will not earn an economic profit in the long run.
Correct Answer:
Verified
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A) is proof that
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A)
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