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    Managerial Economics Markets
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    Exam 19: Measuring Economic Profit
  5. Question
    Economic Profits Disappear Quickly When a Market Is
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Economic Profits Disappear Quickly When a Market Is

Question 39

Question 39

Multiple Choice

Economic profits disappear quickly when a market is


A) perfectly competitive.
B) monopolistically competitive.
C) a monopoly.
D) an oligopoly.

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