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Under the conditions of monopolistic competition

thanhha78

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7 years ago

Under the conditions of monopolistic competition

Under the conditions of monopolistic competition
A) firm profits are higher in the long run than in the short run.
B) economic profit is zero in the long run.
C) average costs of production are the same in the short run as they are in the long run.
D) price equals marginal cost.

Textbook

Survey of Economics: Principles, Applications and Tools

Edition: 6^th

Authors: O'Sullivan, Sheffrin, Perez

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Lightman030

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#1

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thanhha78 Author

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7 years ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

jblazah

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Yesterday

Good timing, thanks!

ealvino1610

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2 hours ago

This calls for a celebration Person Raising Both Hands in Celebration

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