A monopolistically competitive firm can earn positive profit both in the short run and in the long run as its product is different from its competitors. O True False

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter14: Monopolistic Competition And Product Differentiation
Section: Chapter Questions
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A monopolistically competitive firm can earn positive profit both in the short run and in the long run as its
product is different from its competitors'.
O True
False
Transcribed Image Text:A monopolistically competitive firm can earn positive profit both in the short run and in the long run as its product is different from its competitors'. O True False
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