Why does a monopolistically competitive firm make zero profit in the long-run? Explain graphically and verbally.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Posted Date: Mar 09, 2024 08:06 AM

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Why does a monopolistically competitive firm make zero profit in the long-run? Explain graphically and verbally.

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Graphical Explanation In the short run a monopolistically competitive firm can experience positive e... View the full answer

Economics

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