Multiple Choice
Exhibit 10-2 A monopolistic competitive firm
-If all firms in a monopolistic competitive industry have demand and cost curves like those shown in Exhibit 10-2, we would expect that in the long run:
A) all firms will leave the industry.
B) some firms will leave the industry.
C) firms in the industry earn zero economic profits.
D) a number of new firms will enter the industry.
Correct Answer:

Verified
Correct Answer:
Verified
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