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When the soft drink market-which is characterized by monopolistic competition-is in long-run equilibrium, we can expect O each producer of soft drinks to face a

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When the soft drink market-which is characterized by monopolistic competition-is in long-run equilibrium, we can expect O each producer of soft drinks to face a perfectly elastic demand curve. O each producer of soft drinks to make a zero profit. O each producer of soft drinks to produce at the lowest possible average cost. the market to reach the same efficient outcome it would reach if perfectly competitive. O Each of the preceding statements is correct

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