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Title: If a firm in monopolistic competition is earning an economic profit, Post by: Loraine on Jun 21, 2015 If a firm in monopolistic competition is earning an economic profit,
A) it is in the long run. B) other firms can enter the market. C) it can do so because it is "monopolistic" and other firms will have a hard time competing with it. D) its average cost must exceed its marginal cost. E) The question errs because firms in monopolistic competition cannot earn an economic profit. Title: Re: If a firm in monopolistic competition is earning an economic profit, Post by: VincenzoD on Jul 23, 2015 Content hidden
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