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In monopolistic competition as well as in monopoly,
A. there are at most a few firms in each market.
B. profit is zero in a long-run equilibrium for each firm.
C. price exceeds marginal revenue for each firm.
D. entry and exit by firms are unrestricted.
In monopolistic competition as well as in monopoly,
A. there are at most a few firms in each market.
B. profit is zero in a long-run equilibrium for each firm.
C. price exceeds marginal revenue for each firm.
D. entry and exit by firms are unrestricted.
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Joshua StredderLv10
10 Oct 2020