In the model of monopolistic competition,there can be short-run:
A) losses or profits, but there must be profits in long-run equilibrium.
B) profits, but there must be losses in long-run equilibrium.
C) losses or profits, but there must be losses in long-run equilibrium.
D) losses or profits, but there must be neither profits nor losses in long-run equilibrium.
E) losses, but there must be profits in long-run equilibrium.
Correct Answer:
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