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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    In Perfect Competition, an Economic Profit Can Be Earned
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In Perfect Competition, an Economic Profit Can Be Earned

Question 4

Question 4

Multiple Choice

In perfect competition, an economic profit can be earned


A) only in the long run
B) only if the firm is efficient
C) only in the short run
D) never
E) always

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