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20 Nov 2019
In monopolistically competitive markets, the property of free entry and exit suggests that Select one: a. the market structure will eventually be characterized by perfect competition in the long run. b. some firms will be forced to incur economic losses in the long run. c. all firms earn zero economic profits in the long run. d. some firms will be able to earn economic profits in the long run.
In monopolistically competitive markets, the property of free entry and exit suggests that Select one: a. the market structure will eventually be characterized by perfect competition in the long run. b. some firms will be forced to incur economic losses in the long run. c. all firms earn zero economic profits in the long run. d. some firms will be able to earn economic profits in the long run.
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