Multiple Choice
Firms in monopolistic competition would
A) persistently realize economic profits in both the short and long run.
B) may realize economic profits in the long run and normal profits in the short run.
C) tend to incur persistent losses in both the short and long run.
D) tend to realize economic profits in the short run and normal profits in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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