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Loraine Loraine
wrote...
Posts: 4563
8 years ago
A firm in monopolistic competition is similar to a firm in perfect competition because they both
A) can earn only zero economic profit in the long run.
B) can earn only zero economic profit in the short run.
C) maximize their profits by producing where P = MR = MC.
D) Both answers A and C are correct.
E) Both answers B and C are correct.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 225 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
VincenzoDVincenzoD
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Top Poster
Posts: 1913
8 years ago
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Loraine Author
wrote...

8 years ago
Good timing, thanks!
wrote...

Yesterday
Thanks
wrote...

2 hours ago
Thank you, thank you, thank you!
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