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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
For a firm in monopolistic competition, innovation and product development are
A) senseless because economic profit is always zero in the long run.
B) necessary in order to have a chance of earning at least a short-run economic profit.
C) inconsequential because each firm produces a different product.
D) necessary to allow new firms to enter.
E) uncommon because other firms already produce similar products.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 200 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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Loraine Author
wrote...

9 years ago
Good timing, thanks!
Jodias
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Yesterday
this is exactly what I needed
Mkersey12
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2 hours ago
Thanks for your help!!
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