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A monopolistic competitor is similar to a monopolist in that Select one: a. both are able to maximize their per-unit profit margin. b. both earn
A monopolistic competitor is similar to a monopolist in that
Select one:
a. both are able to maximize their per-unit profit margin.
b. both earn positive economic profit in the long run.
c. both are able to enforce significant entry barriers against potential competitors.
d. both can set price above marginal cost.
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