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16 Jun 2019
In a monopolistic competition as well as in monopoly,
Answer:
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 a monopolistic competition as well as in monopoly,
Answer:
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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erinhare45Lv2
2 Jun 2021