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Title: In the long run, firms in both monopolistically competitive markets and perfectly competitive ... Post by: jaspinder kaur on Oct 9, 2019 In the long run, firms in both monopolistically competitive markets and perfectly competitive markets earn zero economic profits, but unlike perfectly competitive firms in the long run, monopolistically competitive firms ▸ charge a price that is equal to marginal cost. ▸ charge a price that is greater than average revenue. ▸ charge a price that is equal to average total cost. ▸ do not produce at minimum average total cost. Title: In the long run, firms in both monopolistically competitive markets and perfectly competitive ... Post by: BobbyD on Oct 9, 2019 Content hidden
Title: In the long run, firms in both monopolistically competitive markets and perfectly competitive ... Post by: jaspinder kaur on Oct 9, 2019 This helped my grade so much
Title: In the long run, firms in both monopolistically competitive markets and perfectly competitive ... Post by: BobbyD on Oct 9, 2019 :okay:
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