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The assumption that precludes economic profits in monopolistic competition in the long run is that

Pats2010

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7 months ago

The assumption that precludes economic profits in monopolistic competition in the long run is that

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there are many buyers and sellers.

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the firms produce a homogeneous product.

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there is easy entry and exit in this market structure.

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buyers and sellers have all relevant information.

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Economics

Edition: 12^th

Author: Arnold

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KFord

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More solutions for this book are available here

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Pats2010 Author

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7 months ago

Smart ... Thanks!

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