5. In the long run, each firm in monopolistic competition . A. makes zero economic profit B....

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5. In the long run, each firm in monopolistic competition .

A. makes zero economic profit B. makes as much economic profit as it would if it were a monopoly C. has the same markup and excess capacity as it would if the market were perfectly competitive D. creates the same deadweight loss as it would if it were a monopoly

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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