In Long- Run Equilibrium, a Firm in Monopolistic Competition Makes

question 106

Multiple Choice

In long- run equilibrium, a firm in monopolistic competition makes

• A) an economic profit but the economic profit is less than it would be if the firm was a monopoly.
• B) zero economic profit.
• C) an economic profit that is higher than what it would be if the firm was a monopoly.
• D) an economic profit that is the same amount as it would be if the firm was a monopoly.

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