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Which of the following is not true? Monopolistically competitive rms: 0 a. Make positive economic profit in the long run. 0 b. Differentiate their products

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Which of the following is not true? Monopolistically competitive rms: 0 a. Make positive economic profit in the long run. 0 b. Differentiate their products {product differentiation). 0 c. Have excess capacity with P = ATC in the long run. 0 d. Charge a price greater than marginal cost (P > MC)

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