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    Modern Principles Microeconomics
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    Exam 17: Monopolistic Competition and Advertising
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    In the Long Run, a Monopolistically Competitive Firm Will Operate
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In the Long Run, a Monopolistically Competitive Firm Will Operate

Question 7

Question 7

True/False

In the long run, a monopolistically competitive firm will operate where P = AC and will no longer have economic profits.

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