The absence of barriers to entry in monopolistic competition means that in the long run firms? a.
Question:
The absence of barriers to entry in monopolistic competition means that in the long run firms?
a. Incur an economic loss.
b. Earn zero economic profit.
c. Earn either an economic profit or zero economic profit.
d. Earn either zero economic profit or suffer an economic loss.
e. Earn an economic profit
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b Earn zero economic profit In monopolistic competition each firm has a market share but it is small ...View the full answer
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