If a monopolistically competitive firm is earning positive profits in the short-run, then we would expect...
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If a monopolistically competitive firm is earning positive profits in the short-run, then we would expect more competition to enter the industry assuming there are no barrier to entry in the market. Select one: O True O False If a monopolistically competitive firm is earning positive profits in the short-run, then we would expect more competition to enter the industry assuming there are no barrier to entry in the market. Select one: O True O False
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Answer True Explanation in a monopolistically competitive market there is free ent... View the full answer
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