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Kyuubi Kyuubi
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6 years ago
In the long run:
A) a monopolistic firm can earn positive economic profits, but a purely competitive firm cannot
B) a purely competitive firm can earn positive economic profits, but a monopolistic firm cannot
C) monopolists and pure competitors can earn positive economic profits
D) neither monopolists nor pure competitors can earn positive economic profits
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
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6 years ago
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