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5) If there are economic profits in a monopolistically competitive industry, they will generally be competed away through the A) introduction of brand name products
5) If there are economic profits in a monopolistically competitive industry, they will generally be competed away through the
A) introduction of brand name products by existing firms.
B) entry of new firms.
C) increasing advertising budgets of existing firms.
D) manipulation of the demand curve.
E) exit of existing firms.
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