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What applies both to a market under monopoly and to a market under monopolistic competition? a. firm operating in the market can make positive economic
What applies both to a market under monopoly and to a market under monopolistic competition?
a.
firm operating in the market can make positive economic profits in the short run
b.
Firms are price takers in the long run
c.
If economic profits are being made in the short run, new firms will enter the market
d.
A firm operating in the market always makes zero economic profit in the long run
e.
None of the above
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