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Perfect Competitors and Monopolistic Competitors Both Earn _____ Economic Profit

Question 222

Multiple Choice

Perfect competitors and monopolistic competitors both earn _____ economic profit in the long run,but perfect competitors produce at the _____ of the ATC curve,while monopolistic competitors produce _____ of the ATC curve.


A) zero;minimum point;on the downward-sloping portion
B) positive;minimum point;on the upward-sloping portion
C) negative;minimum point;at the minimum point
D) zero;downward-sloping portion;at the minimum point

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