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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
Which of the following characterize a firm in monopolistic competition in the long run?
i.   operating at the minimum efficient scale
ii.   markups of price over marginal cost
iii.   zero economic profit
A) i and ii
B) i and iii
C) ii and iii
D) i, ii, and iii
E) only ii
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
Helped a lot
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Brilliant ツ
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This site is awesome
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