418951750_961486835391281_4426149304602044321_n

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School

Northern Virginia Community College *

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Course

202

Subject

Economics

Date

Apr 3, 2024

Type

jpg

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1

Uploaded by BrigadierRamPerson4645

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Question 4 25/ 25 pts Why does the monopolistic competitor earn a normal profit in the long run? low barriers to entry and exit product differentiation can drive firms out of the market price and quantity effect intense competition Be able to add the complete explanation for this question on the short answer part of the test. Short run firms earning economic profit: Firms are earning an economic profit incentivizing other firms to enter this market in the long run as there are no or COMMENTS FILES RUBRIC 1l O <
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