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trancy trancy
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5 years ago

Question 1.

In long-run monopolistically competitive equilibrium, there can be



▸ economic profits, but not losses.

▸ economic profits or losses.

▸ no economic profits, but losses.

▸ neither economic profits nor losses.

Question 2.

In long‐run equilibrium for a monopolistically competitive industry, ________ firms earn ________ economic profits.



▸ some; positive

▸ some; negative

▸ no; zero

▸ no; positive or negative
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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kwashington67kwashington67
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5 years ago
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trancy Author
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5 years ago
Helped a lot
GeorgeNeist
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Yesterday
Just got PERFECT on my quiz
Jadakiss
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2 hours ago
Thank you, thank you, thank you!
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