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Which of the following is true for businesses in perfect competition, monopolistic competition, and for singleprice pure monopoly? A. zero economic profits in the long
Which of the following is true for businesses in perfect competition, monopolistic competition, and for singleprice pure monopoly?
A.
zero economic profits in the long run
B.
barriers to entry
C.
many substitute products available
D.
inelastic demand
E.
maximum profits from producing all quantities where marginal revenue is greater than marginal cost
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