Which Is True of Pure Competition but Not of Monopolistic

question 204

Multiple Choice

Which is true of pure competition but not of monopolistic competition?

• A)There are no significant barriers to entry.
• B)Long-run economic profits are zero.
• C)There are a large number of firms in the market.
• D)Long-run equilibrium occurs at the minimum point on the ATC curve.

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Definitions:

Contest

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