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A monopolistically competitive firm is currently earning a positive economic profit. If other firms enter the market, we would expect that the added competition will
A monopolistically competitive firm is currently earning a positive economic profit. If other firms enter the market, we would expect that the added competition will cause this firm to
a.operate at a loss instead of a profit
b.have lesser profit until profit becomeszero in the long run equilibrium
c.maximize total welfare
d.cause more deadweight loss to the society
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