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Author Question: Under the conditions of monopolistic competition: (Read 58 times)

neverstopbelieb

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on: Jul 20, 2019
Under the conditions of monopolistic competition:
◦ average costs of production are the same in the short run as they are in the long run.
◦ price equals marginal cost.
◦ economic profit is zero in the long run.
◦ firm profits are higher in the long run than in the short run.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by neverstopbelieb on Jul 20, 2019

Liddy

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Reply #1 on: Jul 20, 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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neverstopbelieb

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Reply #2 on: Jul 20, 2019
Excellent


Liddy

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Reply #3 on: Jul 20, 2019
Great! Please up vote :D


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