Which of the following is a difference between a monopoisticaly compettive market and a monopoly in the long run OA. Firms in a monopolistically competitive market eam zero economic profits in the long run, while a monopolist incurs losses in the long run ⒸB. Firms in a monpoistically competitive market change a price higher than marginal cost in the long ran, whie a monopolist charges a price equal to marginal rast in the long run OC. Fiams in a monopolistically competitive market cam oto otonomic profits in the long run, whilo a monapolist usually cars positive economic profils in the long run OD. Firms in a monopolistically compettive market charge a price lower than merginal cost in the long run, while a monopolist charges a price equal to merginal cost in the long run
Which of the following is a difference between a monopoisticaly compettive market and a monopoly in the long run OA. Firms in a monopolistically competitive market eam zero economic profits in the long run, while a monopolist incurs losses in the long run ⒸB. Firms in a monpoistically competitive market change a price higher than marginal cost in the long ran, whie a monopolist charges a price equal to marginal rast in the long run OC. Fiams in a monopolistically competitive market cam oto otonomic profits in the long run, whilo a monapolist usually cars positive economic profils in the long run OD. Firms in a monopolistically compettive market charge a price lower than merginal cost in the long run, while a monopolist charges a price equal to merginal cost in the long run
Chapter14: Monopolistic Competition And Product Differentiation
Section: Chapter Questions
Problem 10P
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