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If firms are competing in monopolistic competition and if AC > p where MR = MC, Question 40 options: A) firms earn positive profits and
If firms are competing in monopolistic competition and if AC > p where MR = MC, Question 40 options: A) firms earn positive profits and new firms will enter. B) firms earn negative profits and existing firms will leave. C) firms earn zero profits and new firms will not enter and no existing firms will leave. D) None of these
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
