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A monopolistically competitive firm is earning a positive economic profit. In the long run, which of the following is most likely? A. it will produce
A monopolistically competitive firm is earning a positive economic profit. In the long run, which of the following is most likely? A. it will produce less output but keep price the same B. it will produce less output and it will charge a lower price C. it will produce the same output and charge the same price D. it will keep output the same but will charge a higher price
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