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In Long-Run Equilibrium,a Typical Monopolistically Competitive Firm Will

Question 10

Multiple Choice

In long-run equilibrium,a typical monopolistically competitive firm will


A) earn a positive economic profit.
B) earn a normal profit.
C) earn a negative economic profit.
D) sometimes earn a positive economic profit and sometimes earn a negative economic profit.
E) have taken over all the other firms in the industry.

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