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Author Question: If firms in monopolistic competition are making economic profits, eventually (Read 121 times)

RRMR

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on: May 24, 2019
If firms in monopolistic competition are making economic profits, eventually
◦ they shut down.
◦ they exit the industry.
◦ the market turns into a monopoly.
◦ new firms enter the industry.
◦ the firms in the market increase their production so that their economic profit disappears.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by RRMR on May 24, 2019

guyanai

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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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RRMR

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

upturnedfurball

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Reply 3 on: Yesterday
:D TYSM

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