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    Business
  3. Study Set
    Micro economics 2
  4. Exam
    Exam 14: The Economics of Monopolistic Competition and Monopoly
  5. Question
    In Long Run All the Firms in the Monopolistic Competition
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In Long Run All the Firms in the Monopolistic Competition

Question 20

Question 20

Multiple Choice

In long run all the firms in the monopolistic competition


A) Always earns profit
B) Incurs loss
C) Earns normal profit only
D) May earn normal profit, abnormal profit or incur losses

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