Question: the answer I picked was wrong A'l'c mew 0 Quantity Which of the following statements regarding the short-run monopolistically competitive firm above is true? O

the answer I picked was wrong

A'l'c mew 0 Quantity Which of the following statements regarding the short-run monopolistically competitive firm above is true? O In the long run, other firms will enter and lower this firm's economic profits to zero. O The rm is currently earning normal prots that will not last in the long run. O The rm will seek to produce at the lowest point on its average total cost curve. O The rm must operate in a market with high barriers to entry or exit

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