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In a Stable, Monopolistically Competitive Market for Restaurants There Are

Question 33

Multiple Choice

In a stable, monopolistically competitive market for restaurants there are:


A) zero profits on average, and consumers are indifferent about where they eat.
B) zero profits on average, and consumers have strong preferences about where they eat.
C) positive profits on average, and consumers are indifferent about where they eat.
D) positive profits on average, and consumers have strong preferences about where they eat.

Correct Answer:

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