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CENGAGE |MINDTAP Homework (Ch 16) O Demand PRICE (Dollars per bike) DA QUANTITY (Bikes) Which of the following statements are true about both monopolistic competition

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CENGAGE |MINDTAP Homework (Ch 16) O Demand PRICE (Dollars per bike) DA QUANTITY (Bikes) Which of the following statements are true about both monopolistic competition and monopolies? Check all that apply. Price equals average total cost in the long run. A Firms can earn positive profit in the long run. Firms are not price takers. O Firms earn zero profit in the long run

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