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In monopolistically competitive markets, what does the property of free entry and exit suggest? Some firms will be forced to incur economic losses in the
In monopolistically competitive markets, what does the property of free entry and exit suggest?
Some firms will be forced to incur economic losses in the long run.
All firms earn zero economic profits in the long run.
The market structure will eventually be characterized by perfect competition in the long run.
Some firms will be able to earn economic profits in the long run.
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Analysis Of Economic Data
Authors: Gary Koop
3rd Edition
0470713895, 9780470713891
