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Author Question: If a monopolistically competitive industry is earning short-run profits, new competitors will enter ... (Read 93 times)

Mr3Hunna

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on: Apr 19, 2019

Question 1

Average variable cost is minimized in long-run equilibrium for a monopolistically competitive firm.


◦ true
◦ false

Question 2

If a monopolistically competitive industry is earning short-run profits, new competitors will enter the industry in the long run and compete away those profits.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Mr3Hunna on Apr 19, 2019

nothere

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Reply #1 on: Apr 19, 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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Mr3Hunna

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

nathang24

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Reply 3 on: Yesterday
:D TYSM

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