In monopolistically competitive markets,what is the role that economic profits play
A) They signal some incumbent firms to exit the market.
B) They signal new firms to enter the market.
C) They are maintained through government-imposed barriers to entry.
D) They show that they are price takers in the market.
Correct Answer:
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Lines in the figures below reflect
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A monopolistically competitive firm faces the
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Q36: Table 16-1
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