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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
Because economic profits are eliminated in the long run in monopolistic competition, to earn an economic profit firms continuously
A) shut down.
B) exit the industry.
C) innovate and develop new products.
D) declare bankruptcy.
E) decrease their costs by decreasing their selling costs.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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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
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9 years ago
Just got PERFECT on my quiz
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This calls for a celebration Person Raising Both Hands in Celebration
Lawson1981
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Thanks for your help!!
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