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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: In long-run equilibrium, a firm in monopolistic competition makes
Post by: Loraine on Jun 21, 2015
In long-run equilibrium, a firm in monopolistic competition makes
A) an economic profit, but the economic profit is less than it would be if the firm was a monopoly.
B) an economic profit that is higher than what it would be if the firm was a monopoly.
C) zero economic profit.
D) an economic profit that is the same amount as it would be if the firm was a monopoly.
E) an economic profit, an economic loss, or zero economic profit.


Title: Re: In long-run equilibrium, a firm in monopolistic competition makes
Post by: VincenzoD on Jul 23, 2015
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