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    Microeconomics Study Set 25
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    Exam 15: Monopolistic Competition and Product Differentiation
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    In the Long Run,monopolistically Competitive Firms
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In the Long Run,monopolistically Competitive Firms

Question 47

Question 47

Multiple Choice

In the long run,monopolistically competitive firms:


A) always earn high economic profits.
B) tend to earn zero economic profits.
C) usually incur negative economic profits.
D) usually incur substantial economic losses.

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