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Kyuubi Kyuubi
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Posts: 1012
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6 years ago
A firm in monopolistic competition differs from a purely competitive firm in that in long-run equilibrium, the firm in monopolistic competition:
A) produces at a higher cost than does the purely competitive firm
B) produces at a lower cost than does the purely competitive firm
C) earns positive economic profits, while the purely competitive firm earns zero economic profit
D) earns only normal profits, while the purely competitive firm earns exceptionally high profits
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
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6 years ago
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