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For the monopolistically competitive firm, in both the short run and the long run, Select one: O a. price will exceed marginal cost. O b.

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For the monopolistically competitive firm, in both the short run and the long run, Select one: O a. price will exceed marginal cost. O b. production will be at minimum average cost. O c. there will be no economic profit. O d. the demand curve is inelastic

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