Business, 05.08.2019 20:10 bezar77

In the long run, a monopolistically competitive firm will earn: (a) normal profits because economic profits will attract new firms and there are no entry restrictions.(b) economic profits because of product differentiation.(c) economic profits because of entry restrictions.(d) normal profits because costs are high for monopolistically competitive firms.

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In the long run, a monopolistically competitive firm will earn: (a) normal profits because economic...