Which of the following is INCORRECT regarding monopolistically competitive firms in the long run? A) They will make economic profit. B) They will break even. C) They will only make normal profit. D) They will make zero economic profit.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter14: Monopolistic Competition And Product Differentiation
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30) Which of the following is INCORRECT regarding monopolistically competitive firms in
the long run?
A) They will make economic profit.
B) They will break even.
C) They will only make normal profit.
D) They will make zero economic profit.
I
Transcribed Image Text:30) Which of the following is INCORRECT regarding monopolistically competitive firms in the long run? A) They will make economic profit. B) They will break even. C) They will only make normal profit. D) They will make zero economic profit. I
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