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Author Question: For a firm in monopolistic competition, innovation and product development are (Read 145 times)

Redwolflake15

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on: May 24, 2019
For a firm in monopolistic competition, innovation and product development are
◦ senseless because economic profit is always zero in the long run.
◦ necessary in order to have a chance of making at least a short-run economic profit.
◦ inconsequential because each firm produces a different product.
◦ necessary to allow new firms to enter.
◦ uncommon because other firms already produce similar products.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Redwolflake15 on May 24, 2019

tkempin

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Redwolflake15

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Reply #2 on: May 24, 2019
TY


tkempin

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Reply #3 on: May 24, 2019
You're welcome


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