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A monopolistically competitive firm that earns an accounting profit in the short run

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9 years ago

A monopolistically competitive firm that earns an accounting profit in the short run

A monopolistically competitive firm that earns an accounting profit in the short run
A) must also earn an economic profit in the short run.
B) does not earn enough to earn an economic profit in the short run.
C) could earn an economic profit, break even or suffer an economic loss in the short run.
D) could earn an economic profit or break even, but could not suffer an economic loss in the short run.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Tidy Author

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9 years ago

Good timing, thanks!

cartoon

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Brilliant ツ

Shuqin

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Thanks

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