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In the Long Run, a Perfectly Competitive Firm Will Make

Question 18

Multiple Choice

In the long run, a perfectly competitive firm will make zero excess profits. In the long run, oligopolies


A) also make zero excess profits.
B) normally make excess profits.
C) only the dominant firm makes excess profits, follower firms make zero excess profits.
D) the dominant firm makes zero excess profits, but follower firms will make excess profits.

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