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13 Jun 2019
In the long run, new firms will enter a monopolistically competitive industry:
A. Provided economies of scale are being realized
B. Even though losses are incurred in the short run
C. Until minimum average total cost is achieved
D. Until economic profits are zero
In the long run, new firms will enter a monopolistically competitive industry:
A. Provided economies of scale are being realized
B. Even though losses are incurred in the short run
C. Until minimum average total cost is achieved
D. Until economic profits are zero
2 Jun 2021