A firm in monopolistic competition that is maximizing profit ________. A. Always makes a positive economic profit

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A firm in monopolistic competition that is maximizing profit ________.
A. Always makes a positive economic profit in the short run
B. Never needs to shut down because its price always exceeds minimum average variable cost
C. Might, in the short run, sell at a price that is less than average total cost
D. Shuts down temporarily if it incurs a loss equal to total variable cost

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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