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All the following are true for monopolistic competition in the long run, except one of them.Which is it? A. P > MC. B. P =
- All the following are true for monopolistic competition in the long run,except one of them.Which is it?
A. P > MC.
B. P = AC.
C. Economic profits become zero in the long run.
D. The barriers to entry and exit are relatively easy.
E. None of the above is an exception.
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
