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The Monopolistically Competitive Firm in the Following Figure Is Earning

Question 259

Multiple Choice

The monopolistically competitive firm in the following figure is earning a profit of _____; in the long run, _____ will occur in this industry.
The monopolistically competitive firm in the following figure is earning a profit of _____; in the long run, _____ will occur in this industry. A) $300; entry B) $300; exit C) $400; entry D) $400; exit


A) $300; entry
B) $300; exit
C) $400; entry
D) $400; exit

Correct Answer:

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