Q
The long-run equilibrium outcomes in monopolistic competition and perfect competition are similar because in both market structures ?
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A
A. The efficient output level will be produced in the long run
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B
B. Firms will only earn a normal profit
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C
C. Firms realize all economies of scale
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D
D. Firms will be producing at minimum average cost
Correct Answer:
B. B. Firms will only earn a normal profit
