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Home Q & A Board Other Fields Homework Help Business Economics
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AndrewKraus AndrewKraus
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6 years ago
The profit earned by a monopolistic competitor after the entry of new firms is ________.
A) higher than the profit earned by the firm before the entry of new firms
B) lower than the profit earned by the firm before the entry of new firms
C) equal to the profit earned by a monopolist in the long run
D) higher than the profit earned by a perfect competitor in the long run
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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6 years ago
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AndrewKraus Author
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#2
6 years ago
Excellent answer, thx
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