In the short run, monopolistically competitive firms:

a) can earn positive economic profits by acting like a perfectly competitive firm.
b) will earn zero economic profits by acting like a perfectly competitive firm.
c) can earn positive economic profits by acting like a monopolist.
d) will earn zero economic profits by acting like a monopolist.

Question

11-06-2024
Business

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In the short run, monopolistically competitive firms:

a) can earn positive economic profits by acting like a perfectly competitive firm.
b) will earn zero economic profits by acting like a perfectly competitive firm.
c) can earn positive economic profits by acting like a monopolist.
d) will earn zero economic profits by acting like a monopolist.

Sagot :

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