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

question 1

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) an economic profit that is higher than what it would be if the firm was a monopoly.
• C) zero economic profit.
• D) an economic profit that is the same amount as it would be if the firm was a monopoly.
• E) an economic profit, an economic loss, or zero economic profit.

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