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The running shoe market is a monopolistically competitive market. Firms in the running shoes market are making an economic profit. Do you expect firms to
The running shoe market is a monopolistically competitive market. Firms in the running shoes market are making an economic profit. Do you expect firms to enter the running shoes market or exit from that market in the long run? Question content area bottom When a firm in a monopolistically competitive market is making an economic profit, _______ . Awe expect firms to enter in the long run only if they have zero markup B. we expect firms to enter the market in the long run C. we don't expect firms to enter the market in the long run because of barriers to entry D. we expect firms to enter the market in the long run only if new firms will have excess capacity E. we don't expect firms to enter the market because increased competition will eliminate excess capacity
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