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Author Question: In long-run equilibrium, a monopolistically competitive industry is characterized by (Read 85 times)

mt05945

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on: Oct 12, 2022
In long-run equilibrium, a monopolistically competitive industry is characterized by
◦ positive profits for all firms in the industry.
◦ all firms operating at the minimum point of their long-run average cost curves.
◦ zero profits for all firms in the industry.
◦ a perfectly elastic demand curve facing each firm in the industry.
◦ positive profits as a result of barriers to entry.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mt05945 on Oct 12, 2022

Htimsrs

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Reply #1 on: Oct 12, 2022
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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mt05945

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Reply 2 on: Oct 12, 2022
:D TYSM

jojobee318

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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