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Title: The excess capacity theorem states that in the long run, a firm in monopolistic competition will: Post by: Costa on Jan 8, 2018 The excess capacity theorem states that in the long run, a firm in monopolistic competition will:
A) operate at an output below that which minimizes average cost B) use all its excess capacity C) earn excess profits D) none of the above Title: Re: The excess capacity theorem states that in the long run, a firm in monopolistic competition ... Post by: Javaew on Jan 8, 2018 Content hidden
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