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  3. Study Set
    Economics for Business
  4. Exam
    Exam 12: Profit Maximisation Under Imperfect Competition
  5. Question
    Firms Operating Under Monopolistic Competition Can Make Economic Profits (Supernormal
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Firms Operating Under Monopolistic Competition Can Make Economic Profits (Supernormal

Question 3

Question 3

True/False

Firms operating under monopolistic competition can make economic profits (supernormal profits) in the short and long run.

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