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In a monopolistically competitive industry O each firm minimises the cost per unit in the long run O firms can make positive profits in the

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In a monopolistically competitive industry O each firm minimises the cost per unit in the long run O firms can make positive profits in the long run O there is always too much entry from a welfare perspective, because costs are not minimised in the long run O there is always too little entry in the long run, from a welfare perspective O firms supply a quantity at a price equal to marginal cost none of the above

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