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Home Q & A Board Other Fields Homework Help Business Economics
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apadong apadong
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6 years ago
If firms in a monopolistically competitive industry are incurring losses, in the long run
A) firms will leave this industry until the firms that remain are earning a positive economic profit.
B) the government will subsidize the losses incurred by these firms so as to maintain competition in the industry.
C) firms will leave this industry until the remaining firms are earning a normal profit.
D) investment in this industry will increase to reduce production costs.
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DeToXiFYDeToXiFY
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6 years ago
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apadong Author
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6 years ago
Just got PERFECT on my quiz
Jodias
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Yesterday
This helped my grade so much Perfect
jmendoza
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2 hours ago
this is exactly what I needed
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