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    Global Economic Issues
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    Exam 12: Industrial Structure and Trade in the Global Economy: Businesses Without Borders
  5. Question
    In a Monopolistically Competitive Industry, Firms Can Earn Economic Profits
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In a Monopolistically Competitive Industry, Firms Can Earn Economic Profits

Question 8

Question 8

True/False

In a monopolistically competitive industry, firms can earn economic profits in the short run that lead to industry exit and zero long-run economic profits.

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