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Loraine Loraine
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9 years ago
In a market in which firms operate in monopolistic competition,
A) the HHI for a single firm exceeds 2500.
B) firms compete on price, quality and marketing.
C) in the long run firms produce at their efficient scale.
D) in the long run firms are not able to charge a markup.
E) advertising is nonexistent.
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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Helped a lot
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You make an excellent tutor!
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This site is awesome
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