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    Microeconomics Study Set 51
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    Exam 11: Monopolistic Competition, Oligopoly, and Game Theory
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    The Monopolistic Competitive Firm Will Most Likely Earn a Normal
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The Monopolistic Competitive Firm Will Most Likely Earn a Normal

Question 172

Question 172

Multiple Choice

The monopolistic competitive firm will most likely earn a normal profit in the long run because of


A) product differentiation.
B) many buyers and sellers.
C) easy entry and exit.
D) high barriers to entry.

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