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    Economics Today Study Set 1
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    Exam 25: Monopolistic Competition
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    In the Long Run, Both Monopolistically Competitive and Perfectly Competitive
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In the Long Run, Both Monopolistically Competitive and Perfectly Competitive

Question 56

Question 56

Multiple Choice

In the long run, both monopolistically competitive and perfectly competitive firms attain


A) lowest cost production.
B) positive economic profits.
C) zero economic profits.
D) productive efficiency.

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