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Assume that zilos are a popular product produced in a monpolistically competitive market. Which of the following is false regarding the market for zilos? Group
Assume that "zilos" are a popular product produced in a monpolistically competitive market. Which of the following is false regarding the market for zilos? Group of answer choices Firms in this market earn zero economic profit in the long run. Firms in this market have no market power and charge the market price for zilos. There are a large number of firms producing zilos. Firms in this market will likely engage in large amounts of advertising. Firms in this market have relatively elastic downward sloping demand curves
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