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A firm in long-run equilibrium under monopolistic competition will earn

Chako

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A firm in long-run equilibrium under monopolistic competition will earn

A firm in long-run equilibrium under monopolistic competition will earn
A) zero economic profits because of free entry.
B) positive oligopoly profits because each firm sells a differentiated product.
C) negative economic profits because it has economies of scale.
D) positive monopoly profits because each sells a differentiated product.
E) positive economic profit if it engages in international trade.

Textbook

International Economics: Theory and Policy

Edition: 10^th

Author: Krugman

Read 125 times

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Chako Author

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8 years ago

I doubted this website before I signed up. I regret not being a member earlier lol

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machukian

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8 years ago

Good luck

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