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In the long run, monopolistically competitive firms will Select one: a.break even. b.set price equal to marginal cost and thus earn normal profit. c.increase the
In the long run, monopolistically competitive firms will
Select one:
a.break even.
b.set price equal to marginal cost and thus earn normal profit.
c.increase the amount of substitute products produced in the industry.
d.deter entry of new firms and thus restrict market supply.
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