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Which of the Following Statements Is Correct

Question 28

Multiple Choice

Which of the following statements is correct?


A) In the long run, monopolistically competitive firms always experience high economic profits.
B) In the long run, monopolistically competitive firms tend to experience zero economic profits.
C) In the long run, it is likely that monopolistically competitive firms experience negative economic profits.
D) In the long run, it is likely that monopolistically competitive firms experience substantial economic losses.

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