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When All Perfectly Competitive Firms in a Market or All

Question 77

Multiple Choice

When all perfectly competitive firms in a market or all monopolistically competitive firms in a market make zero economic profit,


A) no firms will enter the market
B) all firms will exit the market
C) a monopolist will take over the market
D) the market demand shifts to the left
E) the price of the good produced will increase in the long run

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